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All Forum Posts by: Kristin Synnott

Kristin Synnott has started 1 posts and replied 3 times.

Starting Out

Post: Living in Rental Property versus Renting Out

Kristin SynnottPosted
  • Posts 3
  • Votes 0
Originally posted by @Serena Kim:

@Kristin Synnott

Seems like you are referring to house hacking. From my experience, in Orlando it can be very challenging to find a duplex. If you have the money for a down payment, it may not be a bad idea to just buy a property as your primary residence. Once you get to know the area and the process of buying a house. You’ll learn a ton from buying your first house, and may even rethink your real estate strategy.

Feel free to reach out with any questions and best luck!

Serena

 Thank you Serena! With UCF doing online classes, this could change the atmosphere of Orlando as well.

0 Votes
Starting Out

Post: Living in Rental Property versus Renting Out

Kristin SynnottPosted
  • Posts 3
  • Votes 0
Originally posted by @Ricardo Torres:

@Kristin Synnott rental property loan?

It is my understanding that in order to have a rental property (one that you do not live in) you need a investment property loan. Which has typically higher rates than a regular mortgage loan

0 Votes
Starting Out

Post: Living in Rental Property versus Renting Out

Kristin SynnottPosted
  • Posts 3
  • Votes 0

I was looking to buy a townhouse in the Orlando Florida area. However, I'm not sure if it is better from me to get a regular mortgage loan, live in one of the bedrooms, and rent out the other bedrooms. Or if I should get a rental property loan and rent out the entire townhouse? I graduated college recently as an engineer and have 20% for the down payment on a few of the townhouses I was looking at.

0 Votes