We moved to MN 10 years ago and rented out both the homes for a few more years then decided to sell because we wanted the equity out of the house (3/5 year rule).

We moved to MN 10 years ago and rented out both the homes for a few more years then decided to sell because we wanted the equity out of the house (3/5 year rule).

Have you looked into the primary property rules?

thx,ChrisNo, you can not do that under the 60 day rule, however, with your current plan administrator, you should have borrowing provisions and thus, simply borrow the funds from your 401k up to 50% of your vested interest to $50,000.

A loan officer at Wells Fargo said the 4 mortgage rule does not include the mortgage on your primary residence.

However, is the "$200 profit/month/unit" a general real estate investing rule that I should apply when running cash flows, or is such a rule of thumb more a matter of personal investor preference?

Natasha Hylton Here's what the problem is, it's probably against the MLS rules to hand out lists of expired listings and pre foreclosures.

If the return is right and risk handled correctly, I'm open to investing anywhere, and my hometown certainly isn't ruled out.Jeremiah B. - Which market are you looking at.

I know of many people that have done this in connection with rehabbing properties and so long as you play by the rules of the lenders, you will be able to excellerate the growth of your portfolio.You come out better in the long run if you dont refinance and just keep the original FHA loan in place at the low rates and just live there the prescribed 1 year then go get a new 1-4 with a new FHA loan as a primary.

It was a good topic and I hope he touches it up a bit and puts it out there.I'd say learn the basics, financing rules, teach them how to look things up and how to think.