Hi my name is Eva and I am newbie  to BP and I am currently  on the process for my second home as a primary residence.I wanted to ask if is it advisable to take a HELOC on my current primary residence now before closing in 2mos (brand new townhome) to my next property as a primary residence.Any input and sincere advised will be much appreciated.Thank you,Eva

The house is built in 2001 and has a pool as well.When I bought my primary I have a dog and he would destroy the carpet.

I'm single and I  bought my 2 bed 2 1/2 bath townhouse as a primary home with no thoughts of REI.

They did this primarily because the VA loan is to help veterans own their primary residence. 

Hello, My parents have a primary residence purchased for $45k.

Don't forget that RE Pro doesn't create new deductions, it merely allows you to take them sooner.My point is: RE Pro, if you qualify, is good, but it cannot be the primary goal.

A properly established plan performs three primary functions: lawsuit deterrence, settlement negotiation leverage and/or placing your assets out of the reach of a legal opponent.You do this by:- Insurance - Using LLC's- Combining them with Trusts- Owning NOTHING personally in your name (the Rich own nothing, but control everything). - Use separate legal tools- DON'T FLAUNT YOUR WEALTHThe main ways clients use their planning are:1.

Hi Sam,It's hard to say without looking at the specifics (DTI, loan amount, investment/primary, etc), but it sounds like it could be lower given your good credit.

@Victor Del Hierro why wouldn't you buy a primary residence, only requiring 5% down, and then rent out rooms while you live there?

I think the trick to Denver for most people is to buy something you can afford, grow your W-2 income over time, and turn your primaries into rentals whenever it makes sense to do that, rinse and repeat until death.