All Forum Posts by: Wesley Allen

Thank you I'll look into that. There are so many rules!!

How do you find people that are willing to finance their house?

Wow reading my original question I can see how that would be fraud. Thank you for all of your help everyone. The duplex idea sounds like a really good idea. So to get it right I could still qualify for those loans as long as I occupied at least half of the duplex?

Thanks

Wayne Brooks Do you know of any options out there where I could obtain the property with little money down and keep it rented?

Thank you for your reply. Is there a certain amount of time I would have to occupy it before I rented it out? Are there any options out there where I could obtain the property with little money down and keep it rented?

Hello,

My name is Wes. I'm new to all of this and I've had a few thoughts going through my head that I was hoping you all could possibly help me with. I have been browsing some websites looking at homes and I came across a condo that is for sale for $50,000. At the moment the condo is rented out to someone. Since I haven't been saving for very long my cash is low and I'm curious if I would be able to borrow with say an FHA loan with the intention of moving in and just keep it rented after I bought it? Or would I have to move into it immediately after the purchase?