Anique Akhtar
Buying a home using mortgage for primary residence but instead renting the property
Hello,
I am pre-approved for a mortgage on a primary residence (non-FHA). Buying the property and moving in it means we move further away from the job along with other inconveniences.
My question is, what happens if...
Diana Jing
2nd Home as a Rental Requirements
I want to buy a rental as a secondary home for 10% down financing, and lower interest rate. How long do I actually have to occupy it to meet lender requirements? I know the lender has a disclosure I have to sign sta...
Bryan Ju
Tenant want to change change his name into his new LLC.
Hello BP family! I have a great tenant for 3 years now and got a call from her asking me to change our lease agreement into his new LLC .WE just renew out contract 2 months ago for another year. How do you handle situ...
Eddie Rogers
Investment Property Mortgage v. Traditional
Hello all-
First post here on BP. I just made an offer on my first rental property. I was told that since it is an investment property I would need to put 25% down. Is there a way to put less of a percentage down. C...
Brick Biermann
Using Cash Out Funds to Purchase Primary
Hello All,
I recently completed a refi/cash-out on my multi-unit (4 units) property which I also use as my primary residence [been living in one of the units for several yrs]. At one point during the process of the r...
Ivan Vasquez
Selling my primary residence w $1M in equity
Question about selling my primary residence in San Jose that has about $1M in equity. We purchased it for $550k in 2012 and now it’s worth close to $1.5M and hoping it will go higher since The Bart station will open a...
Peter M.
Best strategy for financing SFH opportunity in Dallas
I have an opportunity to purchase a SFH in Dallas. This would be my first purchase of an "investment" property, i don't currently own any properties. The house is currently occupied by my father and I would be being ...
Oskar Czeladko
San Diego Resources for Finding Homes Off MLS
Good evening,
Upon completing graduate school I am looking to find a home that needs significant work done to having construction and renovation skills. I intend on making the home the primary residence as a first ti...
Tabitha Fox
Credit Union says no to using HELOC?
We're in process of refinancing our primary home and I asked our mortgage specialist about opening a HELOC so we could use it for a down payment on an investment property. She said that they typically do not offer the...
Fedna Guillaume
Naca’s 5 year lien
I’m really interested in starting my real estate journey through the Naca program and house hack. However I was told, with Naca, you have to live in the property as your primary residence for 5years, and they will put...