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General Landlording & Rental Properties

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Todd Lightfoot
  • Brunswick, GA
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Need Ideas about Primary

Todd Lightfoot
  • Brunswick, GA
Posted Jan 18 2018, 12:26

So my current primary home is in a nice neighborhood with homes that would rent from 2200 to 2400. We have only live in this home for just over a year and when we bought it we knew this would not be our forever home. We have been looking to get into the rental business and thought why not buy another primary and rent the current house. Our current mortgage is 1400 with taxes and insurance, so it would cash flow. Our goal was to just buy a rental since our mortgage broker said he could lend with only 15% down on a rental. So not sure which way to go with this.

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