I just purchased my first buy and hold property. I want to know the best way to run my books for this property. If this property is considered my primary home but could potentially be a rental. Should The profit and a...
So I plan on purchasing a condo as an STR, but will live in it as my primary residence while I plan other investments and prep the unit (decorate, furnish, light reno if necessary, find a cleaning crew, an on-call han...
My wife and I are in the process of building a new home that we originally planned on living in. I purchased a property 2.5 years ago with 1.34 acres, subdivided the land into 3 zones, and renovated and sold the exist...
Hey guys!
I couldn't find a forum that answered my question so I thought I'd start a new one.
This is kind of a long term question:
My plan is to buy a multi family home via an FHA loan. I live in New York City so ...
Has anyone ever sold their primary residence to their LLC and then rented their home back from their LLC? I was thinking this could have some fantastic tax savings by expensing home maintenance/utilities/insurance, e...
Hello all,Apologies if this is wrong category, but maybe not?I currently own a condo, since 2015, that I am considering re-financing and ultimately turning this place into a rental property, by the end of the year. Wh...
I've lived in my primary home for 10+ years that has a great amount of equity and I'm considering doing a HELOC and turning my current primary home into a rental which will produce great monthly cash flow based on the...
My plan is to get a heloc and use it for the down payment on my second property. My question is whats the lowest down payment % possible for a vacation home/non-primary residence, using a conventional loan or non FHA ...
After doing some googling, it the answer isn't very clear to this question: If I currently don't own a primary residence (just renting), can I purchase a vacation home that I visit 2 weeks out of the year for 10% down...
Emailed to my loan officer today about an FHA Loan on a 4 Plex I planned to occupy. She has said some things that have me a bit confused."Yes we could actually do FHA with 3.5% down. You would have to occupy the ent...