I market them and they are exclusively for primary residence-owner occupied transactions---it's a great program for light rehab projects...Regards,Scott Miller

Even Trump has a few properties currently operating or under development.Despite the fact that the property is in a hotel setting, a condo hotel is considered a private residence, and owners are eligible for mortgage interest deductions and other tax advantages that come from owning a second home.

I am assuming that I need to work on my primary home as a source of income instead of getting an investment property loan so that I can do it from a primary residence until I get enough income from this from flipping.

It's only the GAIN that is taxable, I've seen people go to a lot of trouble setting up a 1031 when they had very little gain, and therefor almost no taxes, especially in TX where we don't have an income tax.Please clarify some of your statements, I'm confused.Why would you buy another house with your exchange proceeds and then allow your residence to go into foreclosure, again, I'm confused.all cash

I understand that the rust-belt has seen a reduction in the number of residents wanting to live within the cities, however college students/med students always need a place to live.

i have two homes, one as a primary residence and one as a rental.

I have been renting out a couple of rooms in my home. Does anyone have guidelines on what the rent amount should be? I am currently renting at market value, but only at 1 percent of the gross purchase price (not inc...

I assume you mean direct real estate other than primary residence. 47.

Not all that often.Look at your primary residence and work it out.Originally posted by "goodvalley":I like the idea of using a property manager if even for the first year only, to let them deal with client screening.

Guess the Noobie title will stick for a while until I figure it all out.BackgroundI reside in Palm Beach County, Florida and a former NY'er.