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You can turn always turn the home into a rental but at origination, your intent must be to live there within 60 days.A twist a lender can answer: The service member will be living there in 6 months but the spouse and kids can go early.

Maggie,If your husband is going to use it occasionally I would buy it as a second home so you only need to put 10% down.

If you rehab or improve the property, this can accelerate even further.

Never, Never use your sellers property tax expenses to estimate your future property tax, this is a big mistake done my many people in the industry.If you haven’t sell your Main home where you are living yet you might consider to keep it, because your new home would be triple the amount your are paying right now.

Even though I have no experience other than renting out and managing my first primary home, my interest in real estate pushes me to educate myself upon this topic.With a very high barrier to entry where I live in Northern Virginia, especially for first-time investors just starting out with small budgets, that is why I have been focusing on out-of-state investing in real estate and also have been reading a lot about the BRRRR strategy.

Thinking about using it for our family’s summer “vacation home” and short term rental when we are not using it.

Are you looking for financing on a primary home or investment property?

DSCR may be a great option for you if you’ve got solid tenants in place in your two homes.

They worked it out mostly by having Steve move his stereo from the living room to the bedroom and he doesn’t play music when James is home.