Wife and kids will be primary residents in the rental unit, but the wife currently has no income.

I'm 32 years old, I reside in Eugene, Oregon.

(We will work with our residents once in a twelve month period if they've been a good resident.) 

We need to secure financing, and have talked to several lenders with varying options from ARMs to conventional mortgages. we've purchased several homes as primary residences, but this is our first investment property and I want to make sure we're not screwing up here.One loan we got a quote on was a 10 year balloon, 5 year fixed, with an adjustment after 5 years and then locked in again until year 10.

Also, the unit is my primary residence, and it's in Oakland, CA if that has any bearing on the situation.Thanks for any insights!

Honestly, I think paying off properties is simply a personal choice, whether it be your main residence or a rental property.

Hi thereI'm a South African currently living in the Cayman Islands looking to get into the US market.As a non citizen / non resident I am struggling to obtain 30 year finance at decent rates in the US.I am investigating the possibility of using finance from back home to cover the cost of a unit, then refinancing in the US to squash the mortgage back home and effectively backdoor finance in the US.Does anyone have any experience with this, and have any comments in whether US banks may be more willing to provide refinancing to an already purchased asset held by a foreigner?

I’m a total newbie here and in the process of researching HELOC terms/rates from different banks for a line on my primary residence.

I got my RE license as a means of targeted learning about RE, but being that it was a side endeavor and my main job salary and satisfaction kept improving I never made a full jump into RE agent-hood and hanging my license with a broker.My question as a potential primary residence buyer in new big-builder home purchase, could I hang my license with either a 100% commission brokerage or a broker friend for the transaction to retain the buyer's commission?

Our lender said they only do HELOCs on your primary residence.