Brian Willard
How do they know?
I reached out to our finance guy and asked about 2nd home requirements. He said, "You can rent the home out but it must be less than 50% of the year." My question is, how does a lender know if I were to rent it for m...
Ira Boyd
searching for a loan
How much should one expect to pay in closing costs for a typical rental property loan right now. I am looking to borrow $225,000 with a conventional loan. I see these online sites with rates as low as 3.75% APR, bu...
Carlos Enriquez
VA purchase loan; owner occupy sticky point
I live in California and am looking to purchase in Seattle. I sold my California SFR back in May and am renting until I move up there. I'm waiting until I sell my commercial building before I become a permanent resi...
Johanna S.
Rent my house or sell it for money
Helloall, I am looking at the Idea of selling our primary residence and buying our first investment property . we bought our house 4/2 2 years ago for $179,000 the house is 3 blocks from a (local university)We owned $...
Jennipher Jess
Smart Move to Take Out a HELOC Now?
Hello, I live in the Dallas area and currently have the option to take out $150,000 - $374000 on our home in a type of HELOC at a fixed rate of 8.03% on an 18-year term. Would it be wise to take out the min or the max...
David Ruskey
Best way to stretch a settlement
First I would like to say Hello BiggerPockets Community! I have been doing a lot of research into real estate recently due to losing my job due to Covid, but I’m not sure how much I will be able to do based on lack of...
Laura Dantel
HARD MONEY for a Multi-family house hack
I know it's Christmas Day, but my mind is still focused on my first property 24/7 =)I have a pre-approval for a 203k loan ($425k), I have a licensed contractor, I know some wholesalers, and I have a down payment; but ...
Nat C.
1031 exchange requirements
I have an upcoming property sale and I was planning to do a 1031 exchange with it.The property being sold was a development project, which I was never able to finish. The property has never been rented during my cours...
Account Closed
Philadelphia HELOC references? Recommendations?
Hey everyone!I am looking to start up a fix & flip business alongside my dad. Since my family's home where I grew up no longer has a mortgage, we were considering using a HELOC to cheaply start our fix & flip ...
Soujanya Masna
RE Investing using HELOC in Texas, any issues?
Couple of questions on HELOC in Texas. 1. In Texas can we use HELOC on primary residence to buy investment properties?
2. In Texas, can we use HELOC on investment properties to buy more investment properties? OR som...