Quote:
Originally Posted by IslandBreeze07
I will, thanks!!! It's good to hear about the FICO. No worries! The market is still tanking, with so much inventory out there. I could be wrong, but it does not appear to pick up until mid 2009 or so. That's when we're looking at a move.
It's decently easier to rent for now. No PMI, no Florida insurance and property taxes for now. May look at agricultural areas to save on property taxes.......since we do want to add horses in the future.
Wouldn't it be hard to carry two mortgages? Pay one, pay other?
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Why pay two mortgage? If you live in one, rent out the second house. Allow the tenant to pay your mortgage. That how many house investors do.
Make sure you have rental certification to allow tenant live in your second home.