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.

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.

How long must you wait before being able to rent out a primary residence property from a lending perspective?

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.

I currently live in a single-family primary residence.

Not a primary home, not a flip. 

You can check out their thoughts on how to approach seller financing here: Making Your Primary Residence the BEST Investment Ever (Better BRRRR!) 

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.

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

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...