That will result in 250,000 jobs and 500,000 new residents who will primarily be renters.

If that is the case the value might be much higher than if sold as a residence.

I also own my residence and will either rent it out when I fininsh the rehab project I close on (purchase) tomorrow or rent out the rehab.

It is my primary residence, and i'm looking for debt consolidation as well as cash for future projects.

It is my primary residence, and i'm looking for debt consolidation as well as cash for future projects.

I'm a fool-time real estate investor- no, that's not a typo :) and founder of The Windy City Round Table in Chicago.I say "sort of" from Chicago because I actually no longer claim IL as my primary residence.

Some successful RE investors tell people to rent their residence so they can keep their cash and credit available for investing.

You could consider refinancing your primary residence using a HUD rehab loan (allows up to 97 ARV) for homeowners needing to make repairs as low as 5,000 (program will advance up to 50% of labor/materials at closing to minimize your out of pocket expense).

BTW, I reside in S.Cal.

When purchase either a primary residence, second/vacation home or investment property using more then 80% financing, a borrower has two options to choose from; 1) A loan program in which the borrower pays the PMI, 2) A loan program in which the lender pays the PMI.