any explanation is greatly appreciated Thank you  Hi @Sahand Vafadary!

I was preapproved with that amount before, but it was for a single family, primary residence about six months ago.

Quote from @Jimmy Chao: I am weighing some options to help my younger brother buying his first primary with a fixer.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

This client chose not to use our services and instead, tried to self-manage their primary.

80% on primary and 75% on investment property I believe.

As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.

We always meet the appraiser at the property with an explanation of the improvements we have completed.

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as “leverage/reserves” to show the HML and get funded.