Home › Forums › Housing › 1st time buyer question: how does buying investment property 1st affect my mortage options? › Thanks for the feedback My
Thanks for the feedback
My numbers for the condo
Price – 315K Mortgage ~ 250K Assuming 5 to 6% interest rate Taxes 1.1% Insurance 1% HOA $300 a month Market rent – 1600-1700 a month
Would be owner-occupied at the start
Not great I know but it’s close to a college which I think would help the occupancy question
Thoughts?