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All Forum Posts by: Sylvia B.

Sylvia B. has started 2 posts and replied 4 times.

New Member Introductions

Post: FHA vs. Conventional

Sylvia B.Posted
  • New to Real Estate
  • Savannah, Ga
  • Posts 4
  • Votes 0

Thank you sooo much! I will take on your advice to speak to a lender. My credit is really good now, and I have been putting money aside. Opportunities will be coming my way! Thank you again!

0 Votes
New Member Introductions

Post: FHA vs. Conventional

Sylvia B.Posted
  • New to Real Estate
  • Savannah, Ga
  • Posts 4
  • Votes 0

Is FHA loan the best and why? What about Conventional? I was told that FHA loan wasn't a good idea for a owner/resident property.

0 Votes
Starting Out

Post: Purchase home to rent....Loan, equity

Sylvia B.Posted
  • New to Real Estate
  • Savannah, Ga
  • Posts 4
  • Votes 0

Wow...Thanks fellas. Also, those are good questions, which I will be looking into as well. Thanks again.

0 Votes
Starting Out

Post: Purchase home to rent....Loan, equity

Sylvia B.Posted
  • New to Real Estate
  • Savannah, Ga
  • Posts 4
  • Votes 0

I'm thinking of purchasing a house I'm renting. It's a small 800 sq ft, 2 bedroom, 1 bath. Total lot at 2750 sq ft. Plenty of work needs to be done, which includes roof, and windows. By the end of the year, I'd like to rent it out. Now my question is, what type of loans should I look into, and do I use the equity from this house to purchase the next house for me to move in? I would keep the 1st house as rental property.

0 Votes