Buy a new primary home and rent out your existing home.

Additionally I don’t want to dip into my personal primary residence rainy day fund.

What’s your experience been like with traditional lenders vs. private options like ours?

Borrowers can acquire a primary residence from up to 1-4 units for as low as 5% with conventional, as the regulation was approved last year of November 2023.

You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% FHA with a few exceptions.

Most residential mortgage lenders that I work with max out their LTVs on primary residences at 70%, which would mean a loan of $336k.

I rented out my first primary residence in Morrison, CO in 2018, and purchased my first true investment property in Highlands Ranch, CO in 2019. 

But since it was being used for investment when you sold it you also qualify for a 1031 exchange.If you find that you still have any taxable gain leftover after the primary exemption, then you can indefinitely defer that tax and not have to recapture any depreciation in a 1031 exchange.

Partnering with others can spread the financial risk, while seller financing may eliminate traditional down payments.

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