I own my primary residence with some decent equity so I could also potentially HELOC my down payments. 

The qualify for the stop the clock provision, so the sale will count as a sale of their primary residence.

It sounds like you're trying to use them for a personal/primary residence.

So I am a beginner and I have purchased my primary residence on an FHA loan about 3 years ago before I became interested in REI.

Hello everyone,I just sold my primary residence and will be using some of the gains to invest in another single family property.

Thank you in advance for any suggestions.I've been having difficulty finding a HELOC that is able to lend on investment properties not just primary.

Morning BP,I need to find a primary residence.

Since it is your sisters primary residence, you should able to, but my guess is both of you will have to be part of the HELOC process (and both your credit).

I was actually buying our first primary residence home last year and supposedly it was reno'd. we put an offer and got accepted so we had the inspector check it out and low and behold, sooooo mannyyyy things to fix... also, my agent was my desk job manager's father, so he told me what the agent said.. so im like.. dang.  

The project came with a mountain of reno knowledge to add to my handyman knowledge, and grew a love of GC'ing projects (and a lot of heartache and screaming, but that's for another episode).After running the numbers, I realized it was better to move into the completed cottage (950 sq ft) and rent my previous primary residence (1300 sq ft) as a month-to-month furnished rental.