Misa Matic
ending lease agreement early, what to do?!
Hello Everyone!My name is Misha, I'm living in sunny Sunnyvale California, with my wife. I'm hoping to get some advice on what are options are in breaking our lease.We have been living here since September 2020, and ...
Brandon Taylor
Loan Limits on - FHA "Kiddie condo And/or Family opportunity Mortgages?
I currently reside in Texas and own my single-family primary residence. In addition, I own 1 condo and 1 SFR each of which was purchased as "owner-occupied" SFRs because I house my father in one and my mother-in-law i...
Katharine Sherback
1031 exchange rental to small livestock farm
Okay, so what my husband and I want to do with our rental property when it sells is buy a small livestock hobby farm consisting of chickens/goats and a dog kenneling, and or a small organic vineyard. This means we h...
Matt Juels
FHA Questions
Hello all!I am a California resident and am planning to purchase a home in Texas within the next 6 months using an FHA loan. I am aiming to purchase a fourplex, and owner-occupy one of the four units.There is a cavea...
Levi Dobson
Using House Hack income to Qualify for Mortgage
Will lenders accept rental income of a house hack (room by room rental) as income to qualify for mortgage?
Anthony Gayden
Second FHA Loan After Buying with Conventional
Good morning Bigger Pockets.I have a question regarding my eligibility to obtain a second FHA loan. I purchased a 4 unit property in 2014 using an FHA loan I lived there for about a year before I got a new job 1000+ m...
Mark Caragio
1031 + 121 Non-Qualified Use
We have a property acquired in a 1031 exchange, which we rented out for 2 years and then converted to our primary residence. We are approaching year 5 of ownership and plan to sell eventually, but not sure of the tax...
Jonathon Hunt
Financing for 4-plex in Sacramento, CA
Hi BP - I'm trying to purchase a 4-plex in Sacramento, CA that I can either use as a primary residence (owner occupy one of the units) or as an investment. Total purchase price is around $1mm. Property generates $66k ...
Bob Asad
Best Options for Upgrading to a New SFH?
If I live in a $600k SFH and have around 50% equity but want to "upgrade" to a $900k SFH, what would be the best option?I was told by the bank that I couldn't do a 1031 because it's a primary residence, and 1031 are o...
Leah Dockter
Converting from a 1031 to a Section 121
If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each? This is assuming each partner lives in a house for 2 of the 5 yea...