Nicole Heasley Beitenman
Question regarding FHA and residency requirement
I got into a discussion with my father recently about FHA loans and the requirement that you live in the home the majority of the year. We had a bit of a debate about whether or not the bank could do anything if they ...
Andy Brown
PM dumped debris in backyard after renovating unit. Time to go.
Hey BP! Need some advice on best way to break contract with PM and what to expect.Final Straw:Retained PM about 6 months ago for some rentals. Things have gotten progressively worse with the final straw being that he/...
Bojan Bobas
1st time home purchase
I would like to buy my first home in Chicago, i currently live in Cleveland. I have about 25/30% down payment. I plan on moving to Chicago within a year.My questions.Can i buy 1st home out of state? what is usually th...
Jonathan Hernandez
Buying vacation rentals
Has anybody bought a property with a loan and got a seller carry back for the down payment? If so, what lender did you use. I'm having a little bit of an issue finding a lender that will allow this strategy. The ones ...
Jane Kai
Can you buy another house after you just refinanced your primary?
I have a primary and investment I just refinanced both of them. I need to buy a new home to make it primary but I was told by my lender Because I just refinanced I need to wait 12 months in order ti buy a new home. I...
Naseem Razek
FHA requirement question
Hello all, This is my first time posting here so please excuse me if I'm missing anything. I currently have a conventional mortgage 7/6ARM. I am looking to rent that single family home and purchase a multifamily prope...
Jim Vinh
Selling previous rental property - need help with decision
I have a SFH that I have rented out for 9 years. There is quite a bit of capital gain on it (about 500K). I am thinking about selling it now that I am about to retire (and the market is high). If I make my this rental...
Gabriela Esposito
I have an a property under an LLC. How is personal DTI affected
Hi everyone, I have an investment property under an LLC in Ohio. I am looking to purchase my first primary residence in California. Does the investment property affect my personal DTI if it's under an LLC and not my p...
Christian Flanders
Tax implications for cash-out refi of an investment property
Hello!I am planning to do a cash out-refinance from my investment property to fund the down payment on a primary residence. Will the interest I pay on the refi be tax deductible since it is being used to purchase a pr...
Jordan B.
Question about FHA criteria
Hello Everyone,If I own a non-occupied rental, am I still eligible to use an FHA lone for a separate rental property that I will owner occupy?Thank you