Investment Info:
Single-family residence buy & hold investment in Shawanee.
Purchase price: $400,000
Cash invested: $150,000
We completed this new custom home build in November 2023 on the 20 acr...
Hi I plan to purchase a property in cash and then refinancing it later on. For 2nd property I wanted to use the 97% conventional loan. Its intended for first home buyers so if I already have an investment property, wo...
To qualify for an FHA loan, you need to live in the property for 1 year.While I intend to live in my new property for 1 year, I will also spend a considerable amount of time at my brother's house and my mother's house...
I'm looking to pull money out of a mortgage-less property and use the money for other real estate investments. What's the most cost effective and tax beneficial way to do this? How should I classify this property (pri...
Hello,If I purchased a SFH with an investment loan (i.e. not primary home loan), and it's been over 2 years since I got the loan can I transfer the loan (presumably the buyer needs to go through all the same loan due ...
we are separated and want to purchase a smaller property than our current home. VA is denying due to the fact that i will be moving to a smaller home and thus their underwriting team thinks i want to buy it as an inv...
I am invested in the single family space but looking to expand into 5+ unit properties. My questions are around the loan terms. Here’s an example of a property I’m looking at: $600K list price with 6 units. With comme...
Hi,I was told I have to live in the property I just purchased for a year until I can rent it out, as that is what the loan contract states. Has anyone heard of this? Does anyone know how I can get out of this loop ...
Hello.I’m closing on the sale of a property and have the option to roll over the gains into a 1031 exchange. I’ve identified a new investment and can use part of the funds to finance the new purchase. I can identify a...
Investment Info:
Single-family residence buy & hold investment in Douglasville.
Purchase price: $138,500
Cash invested: $50,000
First 1031 Exchange, First Experience Using Roofstock, & First ...