The information came directly from a bank (not sure what the role of the banker was).I'm very skeptical, given the prominent use of "primary residence" all over the rules I've seen--though I can imagine some smaller banks that don't sell off their loans might be willing to allow it.Does anyone have any solid experience/evidence on one side or the other?

I took out a HELOC against my primary residence to pay for an investment property as well as the upgrades and it functions like a credit card.

I thought they only did those on primary and second homes?

I have a couple land contracts and a mortgage on my primary residence.

Can rental income from a basement unit in my primary residence improve my DTI after I report the income on my schedule E? 

Currently my husband and I own three rental properties along with our primary residence.

She is the primary owner and recently retired.

Hi Friends in Biggerpockets,I am trying to get cash out loan (30 year fixed) from my primary house as and use it to do real estate investment.My plan is to use the refi-ed cash to do both purchase and rehab (then rented it out) and I wanted to deduct the loan interest.I know from purchase side, the amount of mortgage interest can be deducted as expense for as long as the loan exists and I hold the rental property.For rehab, the situation is more complicated.

FHA-approved Lenders will likely not be fond of you applying for new low deposit loans for different primaries, every year or two, having kept your previous primaries as pure investments!

I have $50,000.00 to invest and I found $70000.00 patio home. so I decided to buy with 20%down and get the traditional mortgage but quickly realized that I have to pay roughly $3500.00 load processing fee to get the either 15yr or 30yr loan. question #1 should I use HELOC(which processing fee is in 7 to 800ish) from my home to pay the rest 80% and try to pay off as fast as I can or just get the traditional loan and utilize the tax benefits?