Elmoelmo, Home Buyer in 11372

Financing an investment property>

Asked by Elmoelmo, 11372 Wed Feb 8, 2012

.How to finance the purchase of sponsor unit in a cooperative building in Queens which will be considered an investment property since I will not be using it as my primary residence for about 5 years. I live now in a rental in Manhattan.I probably would want to rent it out for 4-5 years, until my children finish school.

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2
Does the co-op allow renting...if so visit with any licensed loan officer; if you need recommendations feel free to contact me directly.
0 votes Comment Flag Wed Feb 8, 2012
Your first step should be to meet a local and trusted loan officer who can prequailify you at no cost and let you know if you quailify for a program to purchase this. They can break down the pros, cons and costs
Web Reference: http://www.ScottSellsNH.com
0 votes Comment Flag Wed Feb 8, 2012
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