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Anonymous
Buying a house and securing a loan 2017-06-06 12:38:04 Post No. 2303676
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Buying a house and securing a loan 2017-06-06 12:38:04 Post No. 2303676
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Hey /biz/. I'm currently in the market for purchasing a new home with the intention of flipping it and renting it out to people. However, I've been applying on Trulia and Zillow, but have been told up front from realtors that they aren't going to take me seriously until I get preapproved from a loaner. Whats the next step? Should I just call a bunch of Wells Fargo consultants and see if I can take out a loan from them before I continue the house search?
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>>2303676
>flipping it and renting it out to people
you will get in trouble if you try to rent it out after you flip it
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Do you have money for a down payment? Good credit score? Job history? Talk to a handful of lenders and discuss different programs and types of loans they offer. Don't be lazy and just click the ads on zillow. Go read real estate forums and learn how this shit works.
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>>2303845
Can you clarify this statement. When you buy property, you can do whatever you want with it. Why would you get in trouble for this?
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>>2303927
If you flip the house, it's no longer your property. You can't rent something that doesn't belong to you.
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