So, I am in a bit of a situation... The back story:My parents purchased a property in MT on a land contract about 6 years ago. A very nice property in a great part of MT. My parents cleaned up the property and have s...
Hi everyone!
I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventio...
I am about to purchase a short-term rental property and I'd like the property to be held within an LLC (as my other properties are). My lender tells me that since Sallie Mae guidelines allow a transfer to an LLC that...
I have a rental property (located in southern Illinois, St. Louis Metro East) which was originally my primary residence with an FHA mortgage at 3.25% fixed 30 year. I'm planning on selling it in two years and if mortg...
I want to invest in a short term rental (STR) or two. Eventually, I plan to move from DC to Orlando and temporarily live in one of the STRs while I search for a non-STR home. I have these questions:1. Should I buy in ...
Hey all! I'm new to all of this and really appreciate all of the threads. Can someone explain something? I was going back through old house hacking threads, and someone was asking whether he could do the owner live-in...
Hello bp community, im looking to get into my first house hack/investment property. Looking to get fha loan with my partner, but waiting for our broker to get back to us to see how much we can pre qualify for. we have...
Hi everyone, I currently have a VA loan on my primary residence that will be rented out in the next couple months. I have only been living here for 4 months. My question is once my rental income covers my mortgage for...
Hello everyone, thanks in advance for the replies!
My wife and I are purchasing rental properties in our individual names in an attempt to be able to buy more down the road. (We dont want mortgages/insurance/taxes to...