Jacob Hanson
Primary Residence for Lenders when House Hacking
I'm house hacking a quadplex. So I'm living in one unit and renting out the other three with a Home Possible 5% down loan. After a year of primary residence, can I jump right into an FHA loan with another quadplex? ...
Account Closed
Freddie Mac Home Possible "Primary Residence" requirement
Hello All,I'm very interested in taking advantage of Freddie Mac's Home Possible program in order to purchase a multifamily 2-4 unit property. One of the requirements was that it would have to be my primary residence....
Alex Ng
97% conventional loan
Hi I plan to purchase a property in cash and then refinancing it later on. For 2nd property I wanted to use the 97% conventional loan. Its intended for first home buyers so if I already have an investment property, wo...
Jodie Newman
Starting Out Looking to Convert Current Residence(s) to Rentals
Hey everyone, kind of longwinded so please forgive me! My wife and I were recently talking about moving within the next year as we will be empty nesters. We would like to downsize the house and gain some land if pos...
Rob Pattison
Section 8.52.110 regarding Ellis Act no-fault evictions in Hermosa Beach CA
I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was b...
Gino Barbaro
What is the best management solution for 10-50 units??
When we first started out, we employed resident managers on our properties. We had a 25 and a 36 unit, and each had a resident manager that we issued a 1099 and paid a percent of gross revenue. As we grew, we replac...
John Hastie
HELOC: Is interest deductible on primary residence?
HiI live in California. I took out a HELOC on my primary residence and used the funds as a deposit on another property which then became my primary residence. The previous primary residence was converted into a renta...
Jennifer Noble
Define "owner occupancy" for investment MFR
Hi All,I understand that if I purchase a MFR investment property and designate it as my new primary residence, I could potentially pay 3-5% down instead of 25% for a non-primary MFR investment. I can live in it for a...
Christy Jeffers
8k First Time Home Buyer Credit Repayment?
I'm hoping someone here will be able to guide me...
I purchased my first home in Feb. 2009 and received the $8,000 first time home buyer credit with the stipulation I would keep the home as my primary residence for 3...
Jaden Lowe
Primary Residence Turned Rental
Wondering what people’s personal experiences/thoughts are with turning their primary residence into a LT rental property! I know there’s emotional side to it seeing it’s a lot of people’s first home purchase. Me being...