All Forum Posts by: Ramatu Kuyateh

Thank you Shawn! This was so helpful! I actually will be reaching out to you if its ok.  

Thank you for replying. Yes, I plan on going to Orlando early next year a few times to look for properties. 

My husband and I currently own a townhome in Maryland for about 3 years now.  We are now looking to move to Orlando Florida.  We are thinking of purchasing a new home or townhome in Florida and renting out our current home in Maryland.  I'm very new to this so please forgive the elementary questions.  1.  For the FL properties, I have read that for a second property there would need to be 20% down payment.  Would that be true if we made the new property in FL our primary?  If not true, what would be the rate percentage for down payments?  Would that affect the loan of our current property in MD?  What are some things I would need to look out for when moving from one state to another?  Also, what are some gotcha's when buying property in Orlando?  Thank you in advance for all your wisdom. :)