Harsh Poshti
Mixed zone property investment ideas
24 November 2024 | 5 replies
As a general rule of thumb if the property has a ground level commercial requirement in order to show sufficient hardship to seek a residential use change the property should be located in a location that is not conducive to commercial use i.e residential street, close but not as marketable as properties located on neighborhood's primary commercial corridor etc.
Brandon Ja
Scaling with newer homes
21 November 2024 | 8 replies
You may qualify and make it your primary for two years before moving to the next.
Nolan Ring
3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
Vlad Loktev
Hello Bigger Pockets community.
21 November 2024 | 2 replies
My primary focus is on Wholesaling and Rehabbing in NJ and PA area.I’m eager to learn more about strategies, best practices, and the challenges of real estate investing, especially from those with experience or breaking into the market.
Shelby McKean
New to investing, 2nd wind career (let’s not say older investors), life complexities
21 November 2024 | 3 replies
It was our primary a few years ago and we decided to sell so we could escape the capital gains tax.
Roy Logan
BLRRM.... The Buy Live-in Renovate Rent Move-Out
20 November 2024 | 0 replies
Purchase price: $163,000 Cash invested: $90,000 Primary Residence...
Abigail King
First House Hack
20 November 2024 | 3 replies
You can acquire your first primary for 3-5% down for conventional or 3.5% FHA + upfront cost for fha specifically.
Anthony Maffesoli
Co-ownership Payment Sorting
21 November 2024 | 1 reply
One is my primary which I live in with my girlfriend - I'll call this property A.
Sheena Varghese
Flip taking longer than a year and tax implications
22 November 2024 | 12 replies
—and work with an accountant to make sure everything is properly documented.As long as your primary goal is to sell the property after renovating, your profits won’t be taxed like long-term rental income.
Michael McLoughlin
PPR Note Fund
5 December 2024 | 87 replies
The page above very clearly states the primary asset is 1st mortgages in the current fund.