Pat McGinnis
Where to find private money you can trust for first real estate deal
I'm looking to do my first (hopefully of many) long term single-family home rental deal. Right now I'm planning to do a HELOC and wondering if it is the best way to go. How can I explore legitimate Private Money to he...
Chris Kinney
Tax Question - Cash out Refi to Payoff Primary Residence
One of my rental properties is fully paid off while I have around 200K remaining on the mortgage for my primary residence at an interest rate of 3.875% (and I am only 4 years into the term). I am thinking of doing a...
Pat Noyes
Primary residence home equity use
I am looking at one of two options.
1) get a HELOC on my primary residence and use it for a 20-25% down payment on a multi family. OR
2) sell our home and use the proceeds for a) 3.5% FHA or 5% conventional down pay...
William Bailey
Sell or rent my my house?
Current piti is $785, can refinance that to $548, have $60k in equity. House is completely rehabbed this year from roof to floors. It could pull $1000 to $1200 in rent. Selling would give us 50 to 60k in cash reserves...
Paul Lucenti
Transfer property into LLC but not mortgage
Hey everyone, first post here.
We currently own 3 properties in Philadelphia. However, the first 3 were bought in our personal name (Mortgage and Title) and we are looking to transfer the title to an LLC. My main qu...
Jonathan Schwenka
[Calc Review] First Home Transition - Rent or Sell
View report
Bought as primary residence almost 3 years ago. Lived in it for over a year while house hacking (on accident). Moved for work, but continued to operate as a house hack / weekend home. Now looking to move ...
Rob Bailey
Can I 1031 my rental into a combo primary res / downstairs rental
I'm going to sell my primary residence to buy another. I'm also going to sell my appreciated rental to my son with a 1031. I see a house where I could do a hack - living upstairs and using the downstairs for a LT or S...
Holli Cobb
Multi-function Investment Property
Investment Info:
Single-family residence note investment investment in Redmond.
Purchase price: $350,000
Cash invested: $87,500
Purchased the house from neighbor to use as short-term rental. We also ...
Dan Vasile
Capital Gains Question
Hi Everyone, I’m confused about capital gains taxes on the sale of my rental property. First a little background: I bought a condo in Florida in 2008 for $200k I lived in it as my primary home until 2013 at which poi...
Cameron Dirden
Best way to finance my first multifamily property.
I currently am looking to invest in my first property by January of next year. I was wondering is an FHA the best way to go as far as financing goes. If so what is the qualifying process.