Do I need to use a commercial mortgage/note to buy a replacement property on a 1031 exchange?I sold a property, used a 1031 qualified intermediary to hold the funds, and now I want to buy the replacement property. I ...
As many of us are aware the HEROES Act is being voted on in the house on Friday. Part of the legislation states that you can not evict a tenant for non payment of rent for 12 months if this bill is passed. What is ev...
Hi All, newbie here. I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago. My parents have been living there until recently when I had to move them back to the Bay Area due to h...
Hi Everyone, For a while now, I thought that property management company (PM) and site manager are the same. But after reading numerous posts and threads, I'm not so sure anymore. Please correct or clarify.I could h...
I recently closed on my 8th SFR purchase in 18 months. It's the 4th one I've bought from one particular wholesaler. A day or two before closing, I get a call from the wholesaler's sales person advising that the curr...
General question... if a homeowner wanted to purchase another home as a personal residence and keep their current one as a rental, how does the mortgage approval process work for the second home? I assume since there...
Hi, I am moving out of my main residence (single family home) and plan on renting the property out. I have found prospective tenants and doing my screening process (thanks to the advice I have received from the forms)...
I currently own my personal residence outright, and am looking to purchase a $700k investment property and need a $300k loan. There are two options:1. Take a commercial loan @ ~5% on the investment property2. Do a ca...
I am hoping to find out if a house under a HAMP loan has to be owner occupied for the full term of the loan, or is there an "owner occupancy period" as I have heard of for FHA loans that would then allow the borrower ...
I plan on moving within 1 year and am leaning towards renting my current house out when I move, should I? I plan on buying more rental properties in the future. However, I didn't know if it would be more sensible to s...