You’ll be able to access more equity in your primary vs a rental property, and the rate will be higher.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

Is our primary residence and is a long term live in flip. $490k mortgage.

AND you’ll need to be living in the home as your primary residence WHILE it’s rented out. 

FHA Refinancing TimelineFHA loans have a 12-month occupancy requirement, meaning you must occupy the property as your primary residence for at least one year after closing.Closing Before One Year: Refinancing into a commercial loan or transferring the title to your LLC before completing the 12-month period could raise concerns.

Heres the scenario:Married - Husband owns 2 properties (1 long term and 1 short term) and wife owns 2 properties (1 long term and primary residence)  in each of their own names.Husband has LLC with zero properties.

Dahrian, are you looking for a cash out on an investment property or a primary?

Love the idea of helping out a first time buyer, may run into trouble if she's not the primary resident, check w/ lender but I don't think that'll fly w/o more of a down payment.

Hi everyone,My wife and I own 3 homes (1 Primary and 2 LTRs).