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Updated over 8 years ago on . Most recent reply

User Stats

108
Posts
15
Votes
Jeff L.
  • Investor
  • Pope Valley, CA
15
Votes |
108
Posts

Buying a rental in socal - mortgage question

Jeff L.
  • Investor
  • Pope Valley, CA
Posted

I own 9 rentals in the midwest, and want to buy my next one in my backyard in socal. I don't plan on living in it.

1) Can I get a regular residential mortage on it (with normal rates and down payment), or do I have to get an investment type mortgage?

2) Are there any legal time limits with how long I have to own it before I can rent it out, or anything I should watch out for like that?

3) Can I get an FHA loan for this?

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