Sarah Lorenz
How carefully do lenders look at rental income?
I have a significant amount of short term rental income on my primary residence this year, which is the only property that I currently own. I will be selling it in 2018 and buying a new primary as well as an investmen...
Steven Vasquez
Primary Residence currently Rented and planning to Refinance
Hey BP family,I have a Primary SFH that I lived in for 2 years, moved out, and have been renting it now for about 2 years. I plan to refinance it soon to get a better interest rate and to get rid of the PMI. Can I s...
Sarah Roberts
Confused about new capital gain formula re: personal/rental use
I hope someone here is knowledgeable and willing to help me understand the new math.What's the difference in % (after deductions) taxable as capital gains in each scenario:Purchase House. Live in for 1 year. Rent for ...
Michelle Hurgus
Private money lender
Do private money lenders and hard money lenders fund owner occupied properties ?
Robert Reynolds
What are your 2023 Goals?
My goal is to make more, spend less and invest the difference! Will put the money into large cap index funds until I'm ready to purchase my next property. Either a short term rental (Palm Springs or Big Bear) or anoth...
Paul Milnik
1031 technical question
Hi all, interesting question if there is any way to do this. I am selling a 4 plex and want to 1031 into a couple properties. My question is whether one of those properties could be the current house I live in. I woul...
Heather Davis
What's your favorite real estate/MLS site for on-market deals and why?
When looking for on-market deals, what's your favorite site to track your options & analyze? I preferred Redfin when looking for my primary residence, but I'm using it differently now and I was wondering if there'...
Account Closed
Personal Residence Mortgage Question - Duplex
I am considering buying a duplex with one side occupied, one side vacant. The current seller is leaving one side vacant in case an interested buyer would like to live in one side. I currently do not own a home or any ...
John Jones
Section 121 Exemption
I want to start this post regardless of answers; I know I need to consult with an accountant. I am trying to understand the 121 exemption. My wife and I have owned our primary residence for over two years. We are abou...
Jacob Joseph
BRRRR and House hacking
So I just had a crazy thought and I wanted to know if you could do a BRRRR and when you go to refinance use an FHA loan at 3.5% , instead of a normal conventional loan at 20%?
Any guidance from lenders or experience...