Say I meant to buy a house for my primary residence and told lender about it. The lender gives me a loan for conventional mortage with 20% down on primary residence (lower rate than when buying investment property) Bu...
Hello, I am interested to hear what your opinions are on buying a second home. We currently live in our 3/2 home and are looking to purchase a second property to rent. Should we look to purchase our second property as...
Hi. Can anyone recommend a foreclosure attorney? - Some of the questions I have: As a PML, what is the difference if I get collateral in an investment property or a primary residence. I hear that it can be harder to f...
I dont understand the difference between conventional bank financing for a primary residence or an investment loan. How do rates differ? Are there more costs with an investment loan? Is it okay to rent out a primary r...
I have a co-worker who did a deed in lieu on a rental property and subsequently received a 1099 for the difference between what the bank sold it for and what she owed on it, which was 144K. In order to avoid huge ta...
Hey BP Fam, two questions for you. 1st question; is there a huge difference in the rate for a conforming conventional loan for an investment property vs primary home? 2nd questions; I Just got pre approved for a non Q...
Anyone have experience doing this? How does it work? Is it a headache or is there any type of legal issues with this method? I would love to start investing using little to no money down. However I don’t want to make ...
My and my soon to be wife both graduated college at the same time and we make a combined $150k/year ($75k each) We are still living at home with our parents to save money, and we want to build wealth in real estate. W...
Looking to purchase our first property, but unsure how to classify it. I am intrigued by the idea of only having to put 10% down for a "second home" and having more cash in hand for some upgrades etc, but are the tax...
Hello all,I am currently 49 years old and have accumulated more than a dozen single family homes along with some other real estate and investments. I love real estate and it has really helped increase my net worth. I ...