Ansel Blanco
Financing a purchase with an FHA loan while currently in an FHA
Looking for a strategy to purchase a triplex with a low money down FHA loan but currently in an FHA product in my primary residence.Is this possible? My first thought is to move my home into a separate entity to clear...
Titus Smith
Airbnb Income To Qualifiy For Primary Residence Mortgage
Good morning!
I have a primary residence that is a 4-unit building. Part of this property is an Airbnb and has been for several months. I do very well with the Airbnb income and do not want to turn it into a long-ter...
Marcus Mackey
Single family Home
I purchased my single family home two years ago. And refinanced a year ago. Im looking to buy a home for my mother. Is there a way to get a loan to buy the house without putting 20% down?
Jaren Woeppel
Duplex - Live in Flip
Hello BP Community!I had a question about a live-in flip pertaining to a duplex. This is going to be kind of "off the cuff" so if there are some inaccuracies, please let me know.Alright, so the beauty behind a live-in...
Thomas Goedecke
Capital Gains: 2 of 5 Exemption With a Twist
While I am waiting for a response from my accountant, I figured I would try to BP Community. I did try to search, but did not find a similar scenario.
I am considering selling my SFR in North Texas. I lived in it fr...
John Leonard
Questions to ask mortgage broker at 1st meeting
Hi everyone! So I’m working on my networking and building my “team”. I am meeting with a mortgage broker on Wednesday. I do not have a property yet. I am just seeing where I / we (wife and I) stand for prequalifing fo...
Cody Anderson
Section 1031 and 121 Hybrid
I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (a...
Patrick Fricchione
Cost Segregation Analysis for primary residence
I have an investment property in an LLC acquired through a 1031 exchange. Should I decide to demo the property in 4 years and rebuild, can I do a cost segregation analysis and use it as a primary residence or will the...
Christian Cambridge
Property Purchase & Debt to Income Ratio
I’m reaching out for guidance on purchasing a 3rd property.
My investment property (1st
property) was purchased out of state for 150k a couple years ago and cashflows $200/month. I purchased my primary residence (2...
Ryan Kinsella
Primary Residence / Capital Gains Questions
Hello Everyone,I have a friend selling his primary residence a little sooner than anticipated and wondered if anyone had come across capital gain tax issues in the past. Here are the facts:- Closing date for current ...