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Updated over 7 years ago on . Most recent reply

Joshua Galup's profile image
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Joshua Galup
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Joshua Galup's profile image
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Joshua Galup
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Joshua Galup
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General Real Estate Investing

Pennsylvania investors rule

Joshua Galup
Posted

does anyone know of a minimum purchase price rule to buy investment properties in Pennsylvania. Quicken loans told me it’s a minimum $155k to buy any investment property. So far I just have my single family home.

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Basit Siddiqi
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  • from New York, NY
  • Member since Sep 27, 2015

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Basit Siddiqi
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

@Joshua Galup

I am not aware of any PA law requiring a minimum on an investment property purchase.
It is likely a requirement of the lender.

Some lenders do not like to lend on small amounts because it takes the same amount of work and time to finance a larger loan. 

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