:banghead So im kicking around this idea and would like some advice from people who are knowledgeable in landlording and financing. I want to rent out my current residence and buy another in my fiances name for us to live in via FHA financing.
So, I purchased the home my fiance and I currently reside in approximately 18 months ago with FHA financing. I did a full gut and remodel on the property so everything is updated and we basically just live here without having to fix or do any upkeep.
The home has appreciated just over 20% so i am eligable for some sort of conventional financing…
What I would like some advice on what type of new financing would be best for my first property being a rental(30 year, 15 year, interest only, ect…) Any and All input would be greatly appreciated.
Is there anyone out there that is currently buying homes and living in them for a period of time, then renting it out and moving on to another?
Thankyou in advance everyone.