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Updated about 4 years ago on . Most recent reply

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5
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Bradley Bartlett Jr
  • Investor
  • Asheville, NC
0
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5
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Taking on another loan waiting for my house to be built.

Bradley Bartlett Jr
  • Investor
  • Asheville, NC
Posted

Hey Bigger Pockets,

I am waiting for my house to be built that I used a USDA loan for.   It will be completed in November, so about 6 months from now.  So my idea is to buy a fixer-upper in an up and coming location and fix it up for the next few months while my house is being built, and then rent out the newly fixed-up house when my house is ready for me to move into in November.  I'm worried if I take out another loan, that will affect my ability to keep my USDA loan.  Who should I talk to about this?

Thank you!

-Bradley Bartlett Jr.

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