Hey fam!
So we are discussing converting our primary to a rental. I just found out in the state of SC if you rent your home for a period of longer than 72 days, you are subject to the higher property tax rate for the...
I'm trying to figure out if I could legally use a VA Loan to purchase a multifamily home that has all of their units occupied and keep the units occupied during the 1 year primary residence requirement. Some of these...
I have a question about long term capital gains. My original basis in my primary residence was $230k. I refinanced at $600k with cash out. Is my basis still $230k or does it increase to the $600k? I'm trying to figure...
How do you handle receiving mail for multiple properties? Do you use a virtual mailbox or have everything from all properties ship to your primary home? What happens if you plan on buying and moving into a different p...
Hello Investors! I own and reside in a one-bedroom condo in Long Beach, NY. I want to use the equity I have in this unit to purchase another, comparable condo unit (either in my building or nearby), as a rental proper...
Hello! I’m curious to hear people’s opinions so that I can accurately weigh my options.
I currently have enough cash to buy both a home and an investment property with conventional loans. I don’t have the greatest ...
Hey all. Just wondering what your thoughts are on lenders closing existing/open lines of credit, especially given what we are seeing with the markets. Anyone have experience with this from 2009?
Hey all, trying to decide between these two options. Anyone have any advice?
The interest rate for cash out is 3.875% Principal and interest payment $1,833.92 loan amount $390,000 cash out to you approximately $40,...
Hello,Curious. I’m buying a primary home and all lenders pushing the 10 year fixed loan (variable after 10 years). Why are lenders pushing this? I wanted a 30 year that will cost 0.50% more but lenders all pushing me ...
My wife and I own a rental (lived in for several years, but not recently). We'd like to sell it and use the proceeds to buy a new primary residence and then either convert our existing primary residence to a rental or...