Taylor Hall
Cash Out Refinance question on a rental property
This may be a silly question. I have a house that I have rented out for 3 years. I am trying to pull out 100K in equity which I was approved to do. They are asking me If its my primary house. Well yes, I homestead...
Craig McNally
converting rental to primary home, no intention to sell
Hello, We're in the process of purchasing a single family house that my wife and I imagine ourselves living in a few years from now. Looking through posts, everything I have seen deals with the tax implications of co...
Joanna Espinosa
Vacation Home Rental
Hi, I don't own any property but looking to purchase a vacation home in the mountains but airbnb it when Im not using it? Can I purchase it as a vacation home or 2nd home without a primary home using a FHA/ Convention...
Steven Hershey
Sibling help Legal or illegal?
My wife and I are currently looking for our first rental property! I was wondering if it is legal to have a sibling do a mortgage application with me and my wife as a "co-borrower" as a primary resident and use that ...
Nicholas Q.
$250K - Invest as Cash or Pay Down Mortgage and Take Out HELOC?
We recently sold a rental property in Seattle and have netted about $250K that we plan to reinvest in a market with better returns. However, we are struggling with whether to reinvest this money as cash or to pay dow...
Mike M.
Can you cash flow with 5% down on a primary residence?
Hey all,I have a couple questions in regards to what should be my strategy going into my next house purchase. In the house I live now I was fortunate enough to put a significant amount of money down (35k) and purchase...
Jim Gallagher
How to Turn a Single-Fam. Home into and a Duplex by Adding an ADU
I'm sure you are aware of the housing shortage in many Bay Area cities, as well in other area of CA. As one means to try and add to units to the housing market the State of CA now allows for "Accessory Dwelling Units"...
Sean Dawson
HELOC vs Cash Out Financing For First Time Investor
I am a first time investor looking to use the BRRRR method out of state. I have 100% equity in my home to the tune of about $450k. Should I do a HELOC to purchase my first investment property or should I look to take ...
Account Closed
Owner-Occupied Buying Strategies
I'm new to REI but I currently own an LLC that I'm using to fix and flip REO properties.
I'd like to begin buying & holding for passive income as well.
I've read that a lot of people take advantage ...
Fe Kelly
Borrow from 401k?
So my husband and I have a little chunk of money in our 401k as well as some money saved. We plan to house hack our first purchase with the BRRRR method. Should we borrow from our 401k to make up the rest of the down ...