Asked by KD, Pittsburgh, PA • Thu Jan 17, 2013
What price range houses are popular for rent in Pittsburgh? and how hard is it to find tenants? I don't have a house to rent yet, but I'm planning to buy a foreclosure, fix it, and then maybe rent it.
Do all FHA's 203K loans have a 1 year period where can you can't rent the house?
If i can't get FHA, what percentage of houses around 25k can I find that don't need more than $1000 to fix before I can rent them?
And do you think it is better to buy a cheaper house 30k and rent? or buy a 60k house and rent? and is it really harder to get a mortgage under 50k? (whether normal mortgage or FHA 203k)
Thanks a lot,
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