Results 1 to 2 of 2

Thread: Buying an investment property!!!

  1. #1
    Join Date
    Jun 2020

    Default Buying an investment property!!!

    I've got a question I can use some help with; I am still doubtful of which is the more suitable option for my circumstance. I have a full-time job now and plan to get into real estate full-time later. The residential property I am living in is mortgage free. However, I am considering buying a condo that I would rent out momentarily and then move into once I sell my home in about seven to six years.
    I have a few savings, which is enough to settle the 20% down payment. Only will need to bankroll the rest of the purchase for the condo.
    As it's an investment property, I thought getting an investment property mortgage; I guess I can write off the interest on my tax return unheeding of whether I choose a HELOC or a mortgage.
    I'm pretty much delighted in hearing from those of you who might have had a similar situation, and what you had ended up settling.

  2. #2
    Registered User
    Join Date
    Mar 2015
    Beaver Falls, PA


    I have been a landlord a number of times and would never do it again. Finding tenants is easy but finding good ones can be tough. I could tell you a lot of horror stories about my experiences. Typically mortgages are a little more difficult for a property you are not going to live in.
    Ray Badger, Turbo Technologies, Inc.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts