To receive the 4% ratio, you have to submit an application showing the property is your primary residence.

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

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

If the duplex sells for $500K and you exchange into a duplex in LA for $1 mil then you could use 50% of it as your primary residence.- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?

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

Where are the protection pentacles?

Do you have to commit to only serving one type of resident over the other?

Should I refinance, I know I cannot do  HELOC because it is not my primary residence. 

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

They may cost approximately 10% of your rental income per month, but may be worth it when you are residing out of state.