Good to have a fellow Grand Forks resident here.

Below are a few scenarios we are exploring based on owning our current residence free and clear.

My bank offered a rate of 4.625 on my primary residence. 

I have six mortgages on other investment properties and no private residence.

Not exactly an investment since it will eventually be a primary residence, but we may have a few ways to generate some monthly income before in the meantime (and possibly have some small part of it function as a light income property with we finally break ground).Couple newbie details in case anyone has any insight.

If you are talking about a primary residence, there are some options that will lend based on how much you have in assets.

Hello Everyone,I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.In June, I bought my first property as my primary residence in Beverly MA, a few weeks after I bought my unit, I got a job opportunity to as a tennis coach, close to the area and in the job they included free housing. so I don't have to pay anything for rent, so I decided to rent my unit, but I am renting it in $1800 a month, but all my expenses are $1910, so that means that I am $110 Negative cash flow a month.

This is a commercial property and not a primary residence so how does the capital gains play a part here?

Whether this is oral (no written lease) or written, they both command the same legal obligations under whatever state the residence is in. that being said, it is never in a landlords best interest to allow someone to be on an oral lease, since oral leases always default to state law, and give landlord no control over what tenant can and cannot do (outside state law of course)as far as why?

Despite the extremely low LTV ratio, multiple bankers I have spoken with, keep telling me that home equity lines of credit can only be levied against a primary residence, and not against an investment property, or portfolio.