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Results (6870)
Anup Dhakal What happens if I rent out the house I claimed to be my primary residence?
28 April 2023 | 5 replies

Taking out conventional loan with 5% down for my second house claiming it will be my primary residence. I have all intention to move to that house after closing, but I am just wondering what happens if I just remained...

Mark Belenky VA Loans and 1 Year Primary Residence
28 January 2020 | 7 replies

I'm trying to figure out if I could legally use a VA Loan to purchase a multifamily home that has all of their units occupied and keep the units occupied during the 1 year primary residence requirement.  Some of these...

Anand Uppor Rental to Primary
18 March 2024 | 2 replies

can i rent my primary house as rental property for 3 years and come back and stay as primary after 3 years ( this is basically to avoid the tax) . is it still considered as primary residence or is it considered as ren...

Pandu Chimata 2nd home loan by FHA
10 October 2016 | 6 replies

I own a house and its currently on conventional load and it's on my sole. My wife is not part of the loan.I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.I would like to use the...

Cody Schooley Thoughts on Using 401K Loan for Down Payment on First Multi-Fam
4 July 2022 | 7 replies

I have about $5-7k saved up that I would be willing to invest in a deal. However, I have about $25-30k that I could tap into via a 401K loan that I would be paying back to myself. Looking to put this money into a smal...

David Healey changing terms after refinancing
29 June 2018 | 7 replies

Is there any way to change the Occupancy clause after a refinance? We purchased a Triplex in Salt Lake City, UT in January of 2017 on an FHA loan, put some sweat equity in it over the course of a year and refinanced o...

Gurpy Ont LLC Partnership or Corporation structure
16 September 2017 | 16 replies

Hello BP members,  We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...

Jordan Jones 2 Primary loophole?
29 June 2016 | 9 replies

Without a divorce, legal separation agreement, or child support order etc, a husband will buy the wife off the mortgage, have her sign a quitclaim deed on the property. She now has no ownership interest, is not listed...

Sam Mahmood BRRRR or Conventional in Orange County
26 October 2022 | 3 replies

Hey Guys, Im located in huntington beach, and opened up escrow on a great triplex that I will occupy. My biggest hurdle is figuring out if I should do a construction loan on it or conventional non qm with today's rate...

Ryan Haltom How Long to Live in a House Hack
22 October 2024 | 8 replies

Hey Everyone,I have heard it said on the podcasts before that the reason you are required to live in a house hack for at least a year is because that is how long it would take you to qualify for another mortgage to go...