Bryan Schwartz
Trusted vendor lists are gold as a RE investor...curious how people built theirs?
23 October 2024 | 13 replies
I have my primary person and then a backup.
Dan DeGroff
Seasonal Employee In Expensive Market Looking To Buy Primary Res Out of State
17 October 2024 | 9 replies
My end goal is to house hack a multifamily home in Washington State as my Primary Residence.
Chris Seveney
Risky 2nds - Why a Paying 2nd can also completely wipe you out.
24 October 2024 | 15 replies
I dont do them often but did one up in Washington state and it was 50% LTV on the primary and then cross collateral on a really cool Ranch in North Central Washington that was free and clear so I got a first on that as a cross.. and I would have loved to own that property :) @Beth Johnson does a lot of seconds from what I see and like me she knows how to juice the equity portion of the deal..
Matthew Christofferson
New Member Intro. Where do I start?
25 October 2024 | 8 replies
Primary residence has about 100k in equity.
Ryan Haltom
How Long to Live in a House Hack
22 October 2024 | 8 replies
I am considering buying a quadplex as a house hack, but the eventual goal would be to move back into my current primary residence rather than buy another, so the seasoning period for me to get another loan would not apply.
Evan T. Ong
I'm really uncomfortable with how my future will turn out.
31 October 2024 | 24 replies
Or buy a fixer upper and work on renovating (valuable learning experience if damage not too extensive) during college years then sell and keep up to $250,000 tax free profit as your primary residence allows.
Rachael Lucas
DSCR and 10% down Vacation Loans, Can they work together?
23 October 2024 | 4 replies
Your going to need to show proof of rent payments and/or short term rental income.If your buying a primary 2nd home and intending to use it as an investment property I would strongly refrain from that activity; especially if your posting about it in a public forum ;).Best of luck.
Cody Anderson
Section 1031 and 121 Hybrid
21 October 2024 | 6 replies
If you buy a property as your primary residence and live in it for 2 years then rent it for up to 3 more (so you've still lived in it for 2 out of the 5 years prior to sale) you would get the entire 121 exemption tax free.
Drew B.
What Type Of Analysis to Use?
23 October 2024 | 3 replies
.- Assume - second position HELOAN on primary for full $300k (lots of equity) for 15 years at 9% = $3,050 payment per month.
Kenji Tominaga
Pending closing the deal due to the current tenant not leaving
28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.