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13 February 2025 | 7 replies
Can’t be purchased for your primary home.
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18 February 2025 | 2 replies
Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.
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25 February 2025 | 0 replies
Purchase price: $672,000 I bought a primary home with a 5.1% rate.
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19 February 2025 | 26 replies
Use it to fuel you but do not fall in love with a deal and force it through.
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19 February 2025 | 32 replies
I live in CA and own my primary residence.
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17 February 2025 | 1 reply
Can IRS still see it as a part of primary dwelling unit and thus, consider it not eligible towards achieving REP status?
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13 February 2025 | 2 replies
Quote from @Cooper Meurer: Lately, I have been mulling the idea of selling my primary residence and renting for 1-2 years before we leave the Midland area and move to the Texas Hill Country (surrounding Austin area)Reasoning for this:- I currently have around 120k in equity in my residence and I have a 4.75% interest rate.
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24 February 2025 | 11 replies
I'm a Agent here in the Tulsa area with a primary focus on investment properties.
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22 January 2025 | 3 replies
My idea is to put 20% down on a $1 million property, with the remaining $800,000 paid off over 8–10 years, depending on how much yearly income the seller would want.I’ve seen a lot of discussions about using seller financing for investment properties, but not much when it comes to primary residences.
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24 February 2025 | 27 replies
Quote from @Anthony Rondinelli: Hi,If I want to maintain a healthy DTI for a primary residence conventional loan in a couple years, what should I be aware of, or what strategies must I employ?