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...
From my research, owning a condo as a primary is more restrictive than owning a SFH because lenders view condos are higher risk. Is that true? So if one wants to buy investment properties, is it harder to get approv...
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...
Hello all, looking to close on a primary sf at the top of 2024. About to go into underwriting. Already have a sf rental - conventional. Current set up:
$313764 purchase price/ 5% down conv
$8000 builder credits
$9...
Hi, we are newbies and hope to get pre-approved soon for our first STR deal. Trying to wrap our heads around the best way to approach financing. Should we pull cash from our current stock/mutual funds (based on cur...
HelloI have an FHA mortgage on my primary residence. I have owned and occupied this single-family home for 2.5 years, and mortgage payments are current etc.I am relocating soon (but not purchasing a new property) and...