Honestly, I don't know which route to take whether to invest the money in a flip with that guy or get an FHA loan on my own and get a house since no matter what I need to find a place to live (either renting like I do or a house) or should I take the risk and do both or simply neither of the two. 😬 thanks for answering.

Looking for a conventional loan to accommodate a property with two separate houses on one deed.- Property receives one set of taxes- Both houses are approximately the same sq ft. (1300)- Two single-family homes, not attached (two different addresses)- Property size 0.45 Acres- Township won't allow subdivision unless each house sits on 0.5 acre lots- Will reside in one house upon purchase, and will rent out the second house- One house currently rented out for $1,400 a month with a one-year lease- Purchase price $260,000Looking for ideas or best ways to finance this type of property!

Two more to go!!

.#3 At this point I would have a good lender or two in your pocket that have run different options for you based on what you qualify for loan wise. 

Taxation and legal entity status are two different things.If they are truly duplexes, then each has their own Title. 

To qualify for the full exclusion, you generally need to meet the following criteria:Ownership and Use Test: You must have owned the home and used it as your primary residence for at least two out of the five years preceding the sale.

No, you have to operate for two of the last four years under a broker as a licensed real estate agent, then go through broker licensing and exams before becoming an associate broker under a responsible broker.

In California you also have to worry about rent control and not violating the rent-increase caps for your jurisdiction through new utility billings on a preexisting tenancy where utilities were previously included.The cost for third party billers is minimal and they'll help you get your arms around all this if it sounds too complex.

But in my experiences here the couple times I have seen people pursue adding a second story the cost either was so high that the project died out or in the other case it made more sense to demolish everything but literally one wall of the existing one story and then basically build a new two story house around it.

I work in North Carolina, and want to buy a house there. My husband has his business and primary residence established in South Carolina. That house is in his name. I want to buy a single family home in NC and rent ou...