Purchase price: $306,000 Cash invested: $110,000 Primary residence... listed to cash out and start BRRR in SWFL What made you interested in investing in this type of deal?

@Bill Ward I personally like fans in all rooms and installed fans in my primary residence myself and none of them fall off 😀.

It’s my primary residence and I own it outright.

Since this is a 2-unit property, if it's still your primary residence, your max loan amount for a cash out refi is 75% of the new value. 

With a cash-out refi, your max LTV is 80% on a 1-unit primary and 75% on a 1-unit investment property, so you won't be able to tap into as much equity as you can by selling the home.

Hey, love the bp family, and first time posting here i hope i can get some advice.so long story short, I had a contract fall through on a triplex due to the mortgage being denied (I tried to purchase it as a primary residence and the seller won't vacate any of the tenants so I couldn't continue with the purchase).Now the seller is fighting me on the earnest money, we are past the financing contingency date (30 days) but its due to the seller not vacating a tenant as we verbally agreed on (his tenants are on short-term leases) not due to my finances.I will probably consult on attorney on this one but was wondering if anyone has some advice or has been in a similar situation until then P.s im in jacksonville FL area.thanks!

.- City/County Restrictions: If you are not living in the STR property as your primary residence (i.e.

Hello this property is my primary residence, but I plan on moving within the next 6 mo to north Texas.

If you are looking to pay 3-5% on a duplex, then buy as a primary residence.

Do you have to do your primary banking with this company?