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We are getting our first commercial loan on a property to initially rent out. It is zoned single family but there are 2 dwellings. We intend on renting both units out for minimum of 1 year before we move into one of...
“Well you can always just state your intent is to make it a primary residence. Once you get the property then whatever, life happens you may change your mind if you catch my drift” - this was followed by a laugh.
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I'm currently shopping around for a lender that will offer 90% LTV on Co-ops. I know some of the bigger banks service HELOCs on Co-ops like Chase, Citi, BofA but their LTV is 70% I believe. Some lenders that offer 90%...
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Hello :I have a 2 family property near Boston, MA that I would like to sell.I was using 1 unit as primary residence for just over 2 years before I had to relocate in mid 2016.Currently both units are rented out and he...
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Hi everyone,I'm interested in flipping multiple properties at once. I currently own a primary residency also. What advice can you give me on how to juggle multiple mortgages at once? What are some usual mistakes to av...
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I'm hoping I can get some feedback on what constitutes a primary residence for underwriters on a conventional loan. I have a friend that asked for advice on refinancing her first home which was purchased 2 years ago w...
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Hey how’s it going everyone? Could someone please give me some advice?
So I’m trying to scale up and acquire more doors, I have 2 rentals I’ve acquired through tax deeds already but I’m currently stuck trying to get ...
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Hi Everyone,
Thank you in advance for any feedback and support you can provide me with. I have a home in north east Arizona, Pinetop-Show Low area that I am looking to start doing Airbnb/VRBO/STR with. Currently I ha...
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Good morning BiggerPockets, my name is Shawn Carney. I’m currently a full time firefighter in Northern Virginia and I’ve been listening to the podcast for a few months and just started looking at the forums.
I boug...
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Hi all,Relatively new investor here. I've lived in my current condo for 3 years. I will be selling it for 235k, ideally. I owe 155k on it. Hoping to take that cash (maybe 60-70k) and dump it into a primary residence a...