Riches with Rentals is a dedicated to people thinking of investing in the simple lucrative world of properties and becoming business entrepreneur.
Lest face it, every riches person in the world will want to buy land or own vast properties everywhere.
That will be let for rentals. That where money is made. http://www.homerentalbusiness.com/
There are instances where you can have more than one FHA mortgage loan at a time. Typically, FHA generally will not insure more than one mortgage for any borrower (transactions in which an existing FHA mortgage is paid off and another FHA mortgage is acquired are acceptable). Any person individually or jointly owning a home covered by a mortgage insured by FHA in which ownership is maintained may not purchase another principal residence with FHA mortgage insurance except under the situations described below.
A. Relocations. If the borrower is relocating and re-establishing residency in another area not within reasonable commuting distance from the current principal residence, the borrower may obtain another mortgage using FHA insured financing and is not required to sell the existing property covered by a FHA-insured mortgage. The relocation need not be employer mandated to qualify for this exception. Further, if the borrower returns to an…
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