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19 November 2024 | 10 replies
Depending on the built in gain and how long you've lived there, you should be able to sell your current primary tax-free and roll any gains from that into your new primary residence, that is IRC section 121.Is there a set amount of time before you can move into the rental as your primary?
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26 November 2024 | 1 reply
For investment properties sometimes you can do this if there is a history or using Airdna but never for primary residence purchases.
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26 November 2024 | 8 replies
Got an above listing offer in 4 days with someone who was able to get traditional financing through JP Morgan.
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26 November 2024 | 2 replies
This typically means lower down payments and better interest rates compared to traditional investment loans.
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23 November 2024 | 4 replies
My wife and I have been investing in real estate using creative strategies that don’t rely on traditional bank financing, and it’s completely changed how we look at deals.
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25 November 2024 | 0 replies
Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.
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25 November 2024 | 3 replies
Then I search the county records by their name to see if I can find their primary residence which is where you can send a letter.
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27 November 2024 | 11 replies
Pretty solid points here, I would also like to add refinancing with a non-traditional DSCR based loan can assist with getting access to cash quickly as there are many lenders that have a lower seasoning requirement.
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20 November 2024 | 6 replies
It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).
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26 November 2024 | 2 replies
Since it was going to be my primary home, I used 5% down, conventional financing.How did you add value to the deal?