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...
Ron Yanuszewski
Fannie loans question
Has anyone used fannie mae homestyle loan for flips? Is it just to cumbersome for a contractor to work with? I understand how slow GOV involvement could be, but it sounds like a good option to use the cash for rehab a...
Jeremy P.
Mortgage Advice Needed
Hey. I can use a little advice. In June 2012, I took out a 7 year ARM at 4%. This past June, I was notified that my ARM has expired and my interest rate will rise. With rates where they are, do the numbers below make ...
Xavier Paredes
Do I need to pay capital gains tax on sale of primary residence?
I've searched about this but am getting conflicting info or maybe just misunderstanding what I read.
Two months ago I sold my primary residence in Houston, Texas. Profit was about $100k.
I file taxes as single.
QU...
Drake Toralba
Looking for a mentor to show me the rope in real estate investing
Hi My name is Drake, and I have been researching about wholesaling and real estate investor for two months now and I want to go further and start this as my career as I want to retire my parents as soon as possible an...
Kelley Cock
HELOC for Downpayment scenario
Looking for input on whether this financing idea makes sense. We have a primary residence and one STR which we’ve owned for a couple of years. We have about 350k in equity in our primary residence and are considering ...
Tyler Neison
getting started in a market that has tons of brand new sfh construction
I live in East Louisville, KY (40245) and within 5-6 miles of my current house there are at least 4 brand new (started in 2020-present) single family home communities that have been constructed by builders like Fische...
Erik Larson
House hacking a vacation rental?
Hi all. I was laying there in bed at about 12:30 last night when I thought about something and was wondering if this is possible.I was thinking about FHA 3% down on a duplex-4plex. Wife and I are in our primary res, w...
Steve Lockwood
Are hard money guys looking for me?
Hey everyone,
So I'm wondering how often hard money lenders are looking for someone to flip the house, or manage the flip.
I have 3 (working on my 4th) flips under my belt. All were money makers anywhere from 25-30k...
Cam Cummins
Stacking method to grow exponentially
Hi BPs,
I bought my primary res in Nov 2010 for $125k, I came to closing with $31,744.99. Zillow says it's value is around 200k. I still owe $83k with mtg of 480$. No escrow.
I moved into my now husband's propert...