I lived in my primary residence for 1yr and 9months since I owned it (I was a tenant in the same house for 2yrs prior to owning it) then I turned it into a rental. If I sell it within 5yrs from owning it, would I be a...
Do private money lenders and hard money lenders fund owner occupied properties ?
My kids have lived in their house for a year and are now looking to sell. I thought if they put the profit of their current home rolled over into their next, more expensive home, they wouldn't have to pay taxes. ...
Hello,
I have read when applying for a FHA loan you can use 75 percent of currently rented units for your income. Is this true?
So if a duplex rented $500/unit, could I add $375 to my income? How is this affected if...
So I am a little unclear on what is involved with converting a primary residence into a rental. I read often that people will buy properties using FHA or conventional as primary residences using low money down, then ...
Hi, we are planning on buying a primary residence in Austin which we will convert to investment later on when we move to bigger home. Right now builders are not selling to investors. I am not sure how our scenario qua...
Although one can have up to 10 conventional mortgages, how does each one affect the next in terms of DTI? For instance, if I get a mortgage on an investment property (traditional or BRRR to refi), will I likely qualif...
Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I mov...
Old unit: Have a single family home which is, and always has been an investment property. Planning to sell; approx 350k net. New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over f...
Hi all! I'm looking to purchase my first rental property (second mortgage); However, on confirming with our bank, they do not consider future rental income from the property on their assessment. We currently have our ...