Need advice as I invest in a rental business
Hi, I live in Orlando, FL and I plan to invest in a turn key rental business. I bought my primary home through the VA. The property is a single unit home on a 5 acre lot which has cabins for rent. What type of loan can I get that can provide funds for the $1.2M home? I only have $50k savings by the way. by frederic116 from Orlando, Florida. Feb 28th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
VA is a great loan for your primary owner occupied home. It isn't available to rental properties. Talk to a local lender... But a $1.2m mixed use property with just $50k for down payment doesn't sound like anything feasible. Good luck.
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