Updated about 5 years ago on . Most recent reply
First time homebuyer: Advice
Hello, all! I am looking to buy a townhouse or condo in Dallas, Texas because I need to be there for the year and then am hoping to convert the property into a rental property once the year is up. But I am not sure where to Start!! What type of loans should I be looking into? And what exactly is the process after the year to convert into a rental? Any advice is welcome 🙏🏼
Most Popular Reply
@Lily Madrigal
Talk to a lender, but most likely a conventional loan will be the best route. As far as converting to rental you will need to see what the hoa guidelines are on renting, some have more restrictions than others. Change to renter insurance, decide whether you will be the landlord or get a property manager. Best of luck these are just a few ideas to get you started.