Bank
Hello everyone. Ok it's been a while since my last post. I have finally decided what I'm looking for. It's. A multi fam unit in Easton P. A. For under 100k. should be able to get nice property with little work needed. It's will be a rental unit and I will be an absentee owner I'll be staying in Brooklyn. I am considering making some space available at the property for my self so I can have a place to stay if needed to go up there to take care of something. So now that I know what I want should I get pre approved first or should I have an agent take me around show me some properties first.
When it comes to getting a loan should I tell the bank that I'm purchasing the property for my self or fore income. I'm a renter now, so if I tell them I want a income property they will see me having two payments rent and mortgage. If it would be for me it would be only one payment since I won't have rent, only mortgage to pay once I I move to my new property. Thanks.