We are in the process of purchasing another home and would like to turn our current home into a rental property (we have already been approved to carry both loans). Our current loan is an FHA loan, and we have lived in the house for almost 3 years. Is it legal to do this with an FHA loan?

Also, do we have to change our homeowner’s insurance, and is it more expensive for rental properties?

 

I’m looking at a short-sale property. What things should I be on the look out for? What are the key questions I need to ask?

 

im in debt and ive tried being organized and paying it off on my own. its become overwhelming and i have no other help. im in college supporting myself im geting ready to graduate and begin working as well as being engaged with the hopes of purchasing my first home i have about a year [...]

 

We are purchasing an apartment building in Cincinnatti Ohio and are unfamiliar with closing costs as we are from NY. Does it work the same (typically 5% of purchase price)? Any advise would be greatly appreciated.

 

Experienced landlords: Any advice on purchasing foreclosed properties and making them rental properties? State is Mississippi

 
 

I’m going to be buying a home and would like to know if anyone knows what the approximate cost would be for HO Insurance? I already have Renter’s Insurance, and would like to know if the price difference is dramatic or not. The home is 1902squ. feet, 4 bedroom, built in 2006,I am purchasing the [...]

 

I’m a 23yo with average credit and about $ 9k in debt(car purchase, currently paying it off). I want to purchase a local auto repair and sales shop that is for sale, but I don’t really have any money because I pay for my own college classes. I’ve only got about $ 3k – $ [...]

 

Thinkin about purchasing Suze Ormans credit repair kit.

 

Okay, my spouse and I have been talking about purchasing a home for our fam not now but mayB within the nxt year or so? We have been renting for 3 yrs now, started out with living in aprmts and just recently a house just so we can get an idea of what it would [...]

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