Another lesson I’ve learned is that buying a single family home as my primary residence to later lease to a tenant is a bad strategy unless I’m purchasing the property at a really low price.

Hello I needed some advice about my idea. I am located in new york city. I am looking to buy a condo or apartment in nyc five borough area or any neighbouring counties( Long Island, Westchester). The reason is because...

I currently live in a single-family primary residence.

HI Guenevere, You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% FHA with a few exceptions.

While we manage a few in Tuscaloosa, our primary focus is Birmingham—it’s a fantastic market for value-add and BRRRR strategies.If you’d like to hop on a call, feel free to DM me.

Should I refinance, I know I cannot do  HELOC because it is not my primary residence. 

Yes, most lenders will require you to live in a primary residence before moving out, refinancing, or converting into a rental.

They know who their primary audience is, people who are broke, newly interested in real estate (maybe from tiktok), and want to get rich off of possible income without putting in the effort to make a bunch of money.

Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags.  

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.