All Forum Posts by: Account Closed

Lynn M. - That's really interesting. I had no clue you could obtain 2 FHA's. Unfort for me though, my job wouldn't be moving more than 75 miles away.

Thanks for the info Travis Sperr! Very good to know.

There have been rumors of my job relocating but I want to get a FHA loan. I'm aware you need to intend to occupy the house for a year to get a FHA loan. What would happen if I got an FHA loan and my job did relocate a few months down the road causing me to move, and I wanted to still own that property and possibly rent it out?

That's insane. I hope it's turned out to be a blessing in disguise.

Thanks a bunch for the info Steven Hamilton II! We all plan on being on the title together and probably after two to three properties we will put them into a LLC. Very good to know about the taxes, I had no idea where to even begin with that. Thanks for your help.

Justin Franz - I'm in the same boat, but here in the DC area. I ultimately would like to get a duplex, but that just isn't very reasonable in my geographic location. I'm currently looking for townhomes with as many rooms as possible that I could rent out.

Thanks Derek Melander. I'll certainly look into that book!

Good point Jon Holdman. I guess we'll continue to take baby steps as we go along and have all 3 of us on the title and have less risk. Thanks again

Another thought: Since you can typically only have 4 mortgaged properties under your name, does this follow the same suit as an LLC?

Jon Holdman- Thanks for the great advice. We will certainly talk everything over in regards to contingency plans and what not.

Chris Masons- Thankfully we've been best friends since 5th grade and actually share the same short & long term goals!