Cristian Samayoa
(FHA Loan) can I also live somewhere else?
Hi everyone Quick question. I know if I get an FHA Loan it must be my primary residence for a year but I was wondering if I could also live somewhere else? I'd have all my stuff in my property but also share an apartm...
Luka Milicevic
Question for all my 1031 heroes
Let's say I sell a rental property (Single fam) at a profit and decide to do a 1031 to another single fam. Let's say it checks out and it qualifies as a like kind exchange. I then decide to live in the house and it en...
N/A N/A
Financing Options. Short and Long Term
Ok Im new to investing and am trying to figure out the best strategy for financing. Here is my situation:
- I own my home now for 3+ years. Owe 102k on this home and it just recently appraised for 145k.
- My credit...
Lj Cal
Keep current low interest rate with a new mortgage
Hello,I want to buy my family home. It would be a direct sale with no brokers involved. The current mortgage interest rate is half of what I was quoted. Is there a way I can take on the current mortgage payments (at t...
Derick Bonsu
Can I actually do 1031?
I have a townhome in NJ. It was purchased as a primary residence but has not been used that way for over 8yrs now. It has been a rental for the last 8yrs. Is my understanding that 1031 can only be done on a property t...
Jalen Leichman
FHA Occupancy Requirements: Primary and Secondary Residence
So, a little background before I get into my question. I currently "rent" an apartment where I've lived for the past year, but I don't actually pay rent. I do part-time maintenance work for that apartment company (law...
Joshua Hollandsworth
Do I have to live at my Owner-Occupied home every day
When purchasing a home using an owner occupant loan, Do you have to sleep at that house every day? I know it is a weird question. Here is the scenario, my lender has approved of renting my rooms out through an owner o...
Ayse Yesilyurt
Help with taxes - Non-resident aliens with LLC
HiWe bought a condo after forming an LLC between me and my husband in November 2016. We have been living in it since purchase and there is no income yet so far. We are both non-resident aliens, currently on J-1.We wer...
Travis Dumont
Fannie Mae 5% Down Program
Hi guys, quick question regarding the Fannie Mae owner occupied program. This last March a used the 5% down program to buy a duplex in NH. If I live in the property for a year, can I use the same program to purchase a...
Ajeenah Wilkins
FHA loans for rental property
Hi 👋🏽 do anyone know how long you have to occupy a residence as a primary occupant if approved for a FHA or USDA loan?