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29 July 2024 | 2 replies
There should be a house hacking/buy and hold as a primary residence as your base deal at all times.
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26 July 2024 | 1 reply
So we are looking at purchasing a home (new primary residence) but we will be leasing back to the current owner for 120-150 days as the current build they are working on is being finished.I was told if I apply for a mortgage and disclose that it will not be my primary residence outside of 60 days from the point of contract that it will require a larger down payment and a higher interest rate.
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29 July 2024 | 2 replies
I have an opportunity with a family member to jointly purchase a home for the family member to live in as their primary residence.
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29 July 2024 | 8 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
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29 July 2024 | 9 replies
Adam, if those were my only two options I would build the ADU.This is coming from someone down on the Central Coast that has 12-doors in Detroit... but I'm currently building an ADU & addition of 2,060 sq ft total at my primary residence.
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30 July 2024 | 30 replies
Like @Carolyn Fuller said it can be a bit hard to setup, but there is a ton of info on them.I have not tried the Aeotec units as I haven't needed one, but maybe for my primary as I installed a Connect lock last year.I would give it a shot like Carolyn said.
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31 July 2024 | 35 replies
I have two structure in my primary where I can rent and as a result I have no mortgage, and it's located in Bay Area.
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27 July 2024 | 3 replies
We purchased the property in 2020 as a primary residence and then turned it into a long-term rental in 2022.
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27 July 2024 | 4 replies
Furthermore if a sub s corp owns the real estate you cannot convert it into your primary residence without paying all of the tax on it and dissolving the S corp.
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28 July 2024 | 12 replies
When the market is more balanced, then it may make sense to buy a primary and convert it to a rental when you move.There are exceptions, but you will need to learn how to really analyze a property to know when the numbers make sense.