Ryan Elam
2nd home loan impact on primary residence mortgage?
Hi there, I'm just starting my journey in STRs (have 1 up and running currently) and have a question....How do 2nd home loans impact your ability to qualify for a mortgage on your primary residence? One of my potentia...
Nick Nelson
Anything we're missing to reduce tax burden on sale of STR?
We are selling a Virginia property which we bought as our primary, but switched it to an STR. We held as primary for a year and STR for 2 years filing the appropriate tax declarations/forms etc. during each stage. The...
John Pak
New member from Fairfax, VA
Hello, my wife and I are about 10 years from retirement from our full-time jobs. Our real estate goal is buy-and-hold rentals to provide partial income replacement upon retirement.We currently live in a SFH with good...
Derek Young
HELOC on investment property
Hi all,
I’m looking to acquire a HELOC on my primary residence that Ive just started renting out. I’m currently living with my girlfriend at her place so this is my only property and it’s in my name (lender would not...
Steven Barr
Explanation breaking down loan costs
Hi BP - I am buying an investment property for $90,000 with 25% down. All of my costs are below. The closing costs seem VERY high. Is this a reasonable amount to assume paying?Purchase price: 90,000Borrower closing co...
Josh Mac
Heloc lenders and differences?
Hello everyone,Happy Friday to you all!I was wondering if there are any major differences in lending companies that work with home equity lines of credit (heloc)?Also if anyone has one they could recommend it would be...
Andy Ferrell
Refi or HELOC?
I'm refinancing my primary residence soon to pull out some equity for reasons that are irrelevant. I also plan to purchase my first buy and hold property later this year and I will probably need to use the additional...
Andres Guerra
Rookie mistake - REFI means stay for a year?
Like everyone these days, I recently did a REFI on my home to take advantage of the low rates. However, I failed to read the fine print where it says you need to stay in your house for at least a year before moving ou...
Monique Samuel
Funding for my first investment property
I am looking to purchase my first investment property. I do a few shifts at a hospital 1.5 hour away from where I currently live. I plan to purchase this property near the hospital so can stay at the property only on ...
Asare Nkansah
Can I purchase a 'vacation home' without having a primary?
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...