Ideally I would like to use the profit to pay off some of my principal on current primary residence mortgage and use the rest for investing in a townhome that I can rent out...Thank you for your inputs!

@Jim Brandt , Unfortunately, a house that is in your name and used for personal purposes for more than 14 days during the year, or more than 10% of the number of rental days if greater, is considered to be a residence (not a primary residence).You are deemed to have used a property for personal purposes when it is used by: Anyone who rents the property for a price that is less than fair rental value.So the house will not qualify for rental property or investment property. 

Not sure for how long (hence primary residence loan with 20% down).Here are my questions:1.

Well worth it but what started out as fun hanging out with friends, I ended up with complete strangers and almost feeling like a captor in my own house luckily once my girlfriend moved back I was able to take back a full paid off house and enjoy the major benefits of not having a house payment.Single Family Residence: Bought first one in 2010 at auction for 26,500.

Hi all:My understanding is that the mortgage interest on HELOCs on your primary residence is no longer deductible under the new tax law.

We do however have a conservative $150k equity in our primary residence as well as access to other forms of credit to get the job done if needed. 

We have a primary residence, we're looking for a weekender home with the potential of renting it out possibly 6 months out of the year, full time in the short term, or just during the peak summer months; areas of CT that attract a strong summer rental market. 

@Joe Moore - We used Huntington for both our Memphis flips and personal residence. 

I'm also a former Oregon resident by way of Corvallis, OR. 

Hello Miguel, my wife and I also reside in Reunion.