Hello,I had originally purchased a property using hard money to fix and flip however now that I see how much development is happening in the area, I want to keep it for myself.

Originally posted by @Jamie Powers:What rent to income ratio should I be looking for in San Diego?

Originally posted by @Daniel Hyman:@Chanoch MollerHave you looked into hard money lenders? 

Originally posted by @Jeremy A.

Originally posted by @Peter M.

I currently rent a room as my original plan was to move back into the fire house once its rebuilt, but its taking forever so I'm curious if I should own a primary residence at all?

She is looking to borrow about 60% of ARV and the rehab costs are maybe 10% of the ARV, (which she has on hand so only needs to borrow for the original purchase costs). 

Originally posted by @Ryan Blake:@Itteahad Zihan In short, you can't.

Originally posted by @Ronak Shah:@Amul S., I believe you asked this question 5 years ago too.  

Since we have  quiet a few attorneys on this thread,re due on sale clause , what  are the attorneys opinions re the change in the "due on sale " clause  based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the samehttps://www.fanniemae.com/content/guide/svc110817....Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).ThanksP.S thanks to Chris Mason who posted this on this threadhttps://www.biggerpockets.com/forums/49/topics/610...