All Forum Posts by: Matthew Davis

@Kevin Rea

I enjoy where I currently live in central California. However, I have lived in several areas in the past. Out of those other areas, my three favorite areas are: SLO County (CA), Marin County (CA), and central TX hill country.

@Simon Obas

The first house I sold I had a cash buyer that was dead set on not getting a home inspection. They didn’t see the value of money spent on it. I didn’t feel comfortable about their decision and made them aware of my feelings. I wanted everything to be fully transparent and a home inspection would ease my mind. Unfortunately, they didn’t didn’t budge. Low and behold, a few months later they discovered something they didn’t like and tried to hold me responsible. It was nothing large, but it still was not a pleasant experience.

@Ray Johnson

That makes perfect sense. I figured we had to commit to the property as our primary for a specified amount of time, but I was not sure of how long. Thanks for the info.

Good suggestion. I should have included in the original post that we have family living in both homes, so renting out either home is not possible. 

My wife and I recently got married in February and we are in the process of joining our lives together financially. We both currently own our own homes and are in the process of determining which house we should claim as our primary. We are not looking to sell either house at the moment. We spent an equal amount of time at both of the houses. We want to cash out refinance her home to pay off debt, but it only makes sense to do so as her primary. Because the two houses are located within 100 miles of each other, we can only refinance her house as a primary or an investment property. The two properties are too close together for one of them be refinanced as a secondary home (according to the lender I spoke to today). 

Would it be possible to refinance her house as a primary residence right now and still have the option to move back to my property in the future. Moving back to my property would then require us to declare my home as our primary for voting and tax matters, but her house's mortgage would still be as a primary.