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

So, a BUYER that needs owner financing...what if they just used "non-traditional financing"?

Also, more people seem to be choosing trade schools over traditional colleges.

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

I am finding that most credit unions will only do helocs on primary residence.

@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.I am also fully licensed for primary and secondary homes in Florida.We are all here to help you learn and grow.

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs.Key point is "Lowest" rate does not mean the cheapest rate  I have worked in traditional community banking for over 7 years.

And once you convert it into your primary residence it is no longer eligible for a 1031 exchange. 

One as our primary and the other as the backup.