However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

I own my primary residence and want to build a DADU on the back of the lot.

Most of those residents guard their vouchers like gold.  

Is our primary residence and is a long term live in flip. $490k mortgage.

Figure out how to get this money, maybe you have well-off parents who can give it to you or you may have to earn it yourself.

Investment Info:Single-family residence buy & hold investment in Crowley.

Investment Info:Single-family residence fix & flip investment.

A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.

Primary residence loans are less risky than investment property loans, which is why they have more favorable terms than investment property loans.

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.