Tyler Herbert
Best financing option for first rental.
Hello, I am looking to purchase a rental property, but I'm not sure what my best option is in the way of financing. Should I start with hard money to get the property and then refinance through a bank/credit union? Or...
Samuel Choi
Primary home used as rental
How risky is it to purchase home as primary res. and renting instead.
Michael Theo
Prop 19 Parent Child Exclusion for Multi-Unit Property
Does anyone know how the Prop 19 parent-child exclusion applies to multi-unit properties. My parents and I occupy 2 units in a 4 unit property as our primary residence. If my parents transfer the property to me will t...
Rigo Medina
Homestead Exemptions on a Rental a no no
The home I owned turned into a rental for 4 years, but I did not cashflow. I could not sell it for the loan amount, so I rented it for 4 years. I never notified the appraisal district folks, that I was not using it as...
Konkova Irina
Converted primary to rental. Can I tax deduct primary mortgage?
Hi Everyone,Last year I've converted my primary residence into a rental on July 1st, 2021. Can I deduct the mortgage interest that accrued while it was my primary residence? i.e the first 6 months of the year? I don't...
Matthew Scheel
Bank doesn’t believe my claim of primary residence
I recently bought a few real estate investment properties in Wilmington, DE. 3 single family homes actually, all of which were purchased as investments with 20% down. My partner and I currently live in the Philly ar...
Daniel Gibson
How do DTI levels impact purchasing power/price point?
Hi folks, I have a DTI of around 30% and I'm wondering if the higher your DTI the lower of a mortgage you'll be able to qualify for? For instance if I were to be right at the upper DTI limit for a given lender, would ...
Jimmy Mooney
Considering first investment property, down payment question.
I'm considering buying my first investment property using a HELOC on my primary residence. I have enough equity in my primary residence to cover about 4-5% of the purchase price of the target property. I was thinking ...
Sabrina Martinez
Need help with understanding 1031
So my assumption with a 1031 exchange is that if you have a primary residence and you sell it before your two year mark, I thought you could just roll any equity into your next primary as a 1031 to avoid capital gains...
Eric M.
Help with BRRRR Strategy - HELOC or Cash out in today's market
Hello All.. Im currently in the process of renting out my primary residence. I have a few questions on the best way to implement the BRRRR in my scenario. My home is currently valued at $320k and I owe $97k. My curren...