Hello!I have a buyer client who is self-employed and has hard time qualifying for a loan. He has enough cashflow in his business, but too many deductions which brings his taxable income to a very low number.He has qui...

Primary factors of value are typically bedroom and bathroom counts, location and condition.

If all goes well I will be starting my first real flip with a 3 month timeline this year while I wait for my current, primary residence live in flip to hit 2 years.

Beyond my work, I cut my teeth with my first primary residence purchase in Dec of 2014, and now it's time to get a few more under my belt.

As a lender, would you not even consider it if I were going to convert it to a rental immediately after the purchase of a new primary residence? 

@Scott JohnsonMy best advice would be to .....Cash out refinance all of your properties and your girlfriend's property while it is still a primary residence.

I realize that you have not seen the property and my explanation is subjective since others would look at it and may have a different opinion.

There are also other implications of turning a primary residence into a rental.

Primary residence has 100% equity.An existing investment property has 100% equity while another property has some equity and has a 1st note.I'm told that "primary residences" are easier to process for getting the equity from and they have better interest rates rather than investment properties due to risk.If either of these (heloc or loc) are used on a primary residence, is the interest tax deductible for the rental (SchE)?

My husband and I bought our first primary residence in Federal Way.