Hi Sarah, Would you be using the home as a primary residence?  

I'm planning a detached garage ADU conversion (tear down) and am currently upgrading my main electrical service/panel on the primary residence.

Homestead Exemptions If this is your primary residence, then apply for the homestead property tax exemption and any other exemptions that you qualify for.

Prices like that create a barrier to entry when it comes to entering the housing market as a homeowner, whether trying to investor or buy a primary residence.Prices are double in Santa Fe from what they are in Albuquerque, where the median hovers around $300,000 and average price is about $360,000.

They suggested that I take the steps towards acquiring my first primary residence now because it could pay off in the near future.

Hi all,Had some questions about converting my current primary house to rental property.Details:2018 - Primary home since 2018.

Scenario: If one is to buy a new home to use as a primary residence ( till say Jan 1 2025), fix it up and get it ready for STR use starting Jan 2025 while STRing the initial primary until Jan 1, 2025, then move back to the initial primary and fulltime STR the new property..

Lastly you could keep the primary mortgage intact and try a fixed second or HELOC but generally those are also full income verification.

They have plenty of equity in this primary residence and do not want to pursue a heloc or REFI due to credit issues.

Even if you can't get it for your rental, get it for your primary residence and then pay it back as quickly as possible.