All Forum Posts by: Omid Khezri

Hello Everyone,

My wife and I are buying our first home, which is a single family in Connecticut. We are moving to CT for 2 years for her education and then will be back to Florida. We are going to make some improvements to the property over the next 2 years and then either sell or rent it. Our loan application is based on her monthly income which is not a lot. We did not want to put me on the application, so I can keep my borrowing ability for future deals. 

However, since her income is low as a student, we have to put about 15% down to be able to buy the property.

Would it make more sense if I add myself to the loan and put 3% down instead of 15% and save our cash in the current market, or should we just put the higher down payment ?

We appreciate your guidance. 

Hello real estate enthusiasts, 

I am moving to Connecticut from Florida due to my wife's school. We will live in CT for about 2 years and then plan to move back to FL.  Would it make sense for us to buy a single-family in CT, live in it for 2 years and then rent it out and move to FL ? Or is it a better idea to buy in FL now, rent it out, move to CT and rent an apartment there for the 2 year duration?

Any guidance or tip is appreciated.