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All Forum Posts by: Scott Eakes

Scott Eakes has started 1 posts and replied 2 times.

Private Lending & Conventional Mortgage Advice

Post: Turning a primary residence into a rental

Scott EakesPosted
  • Rental Property Investor
  • Durham, NC
  • Posts 2
  • Votes 1

@Joseph Holliway thanks for the help!! I will look in to the 203k.

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Turning a primary residence into a rental

Scott EakesPosted
  • Rental Property Investor
  • Durham, NC
  • Posts 2
  • Votes 1

Is it possible to buy a house with a low down payment conventional mortgage, live in it for a few years then buy another home(primary residence) and keep the original as a rental?

I understand a investment property mortgage would require a higher down payment. Just wondering if anyone has done something like this and if it is possible.

Newbie here, thanks for any help!!

Raleigh/Durham area NC

1 Vote