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Daniel Eberwein
- 22 Helpful Answers
- 126 Answers
- 1 Listing
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Experience:
Realtor for Triangle Realty Info, Inc.
November 2001—present
President of Triangel Realty Info, Inc.
President of Triangel Realty Info, Inc.
Specialties:
Clayton and surrounding areas: Willow Spring, Garner, Wilson Mills, Selma, Smithfield, Benson
Foreclosure properties ... show more
Foreclosure properties ... show more
Daniel Eberwein answered:
No, as long as you are 100% upfront with the lender regarding your intentions. Since it is going to be a rental property, you'd likely need more of a down payment (last I dealt with one, lender wanted 20% down for investment properties) to purchase it. I just purchased a property from a family member, and all the lenders I talked with had no issue with this. All they cared about was my credit score, income and ability to repay the loan.
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