Unfortunately this is not something that interests me and if I was to end up with this property, I would either leave the garage as is or undo the kitchen work.This would be our permanent residence for now, but the goal would be to either rent it out in a few years, or just sell it if/once it has appreciated to some extent.I have a hard time working this into the valuation of the house.

And the residents wouldn't go for it either.

I currently rent a room in NYC and would like to keep it for layover purposes, while the new property (in SC) serves as my primary residence.How often must I be physically present at the duplex, for it to qualify as my primary residence?

A resident of Dublin CA. 

I bought my first house (primary residence) in 2013, fixed it up while living in it for 4 years and sold it in 2017 for a decent profit. 

But make sure to include the income from your son's rent.  2) When talking to the lender, ask again about the debt to income ratio but this time include the potential rents from a single family residence (SFR), a duplex, a triplex, and a fourplex. 

Hi, I am a UK resident and am thinking of purchasing a turnkey rental property in Cleveland via Global Investments.

I dont mind to leverage my house and downsize and buy a primary residence and live mortgage free...Here is the big question, in order to buy more investment properties what do you think is a smarter way to go:1) borrow from 401K2) borrow from equity in a rentalWhere would you borrow if you were me?

I have a mortgage on my primary residence and business is good but I’m not ready to tap into my reserves there to do this.

If the lot is worth something just sell it. to someone who wants to build there primary residence there, or find a developer to do new contruction and "flip" it.