Hello forum members.My wife and I have a primary residence in NY and we recently closed on an investment property in FL. 

My husband and I are deciding whether to sell our primary residence that have been rented out for 2 years or keep it as a rental unit.

Would you err on the side of just buying something as a primary residence now and slowly looking for deals over the next few years? 

Nothing has changed.If your mom has not remarried when a residence is sold or exchanged, the surviving spouse's period of ownership and use includes the period your dad owned and used the property.Mom can use the full $500,000 exclusion if (a) the sale occurs not later than two years after the date of death of the spouse, and (b) the rules permitting a maximum exclusion of $500,000 were met immediately before the date of death (including ownership and use by the dad)

For FHA, here are the stipulations for military out of HUD 4000.1: "(7) Military Personnel Eligibility (a) Standard Borrowers who are military personnel, who cannot physically reside in a Property because they are on Active Duty, are still considered owner occupants and are eligible for maximum financing if a Family Member of the Borrower will occupy the subject Property as their Principal Residence, or the Borrower intends to occupy the subject Property upon discharge from military service.

Has anyone used their primary residence HELOC to fund their downpayment for their first (or any) property purchase? 

In addition, I spoke with my lender and I can qualify for an additional $225-$250K conventional loan for a “second home” because I didn’t borrow against my entire income to purchase my primary residence.

. , People separate Personal Asset from a business asset so that business liability will not touch personal asset( personal residence). 

In California, the state Franchise Tax Board treats each series as a separate entity for tax and filing purposes.https://www.ftb.ca.gov/businesses/structures/serie...California is very aggressive in its position that California residents who have out of state entities need to register their foreign entities in state.

Hello all,  I am in the process of refinancing my primary residence to use the equity for an investment property and I was wondering what is the typical equity required, on your primary residence, to be able and secure an additional loan for said investment property.