Jake Grenier
Creative Primary Residence Purchase Options - in SoCal
Hello! My fiance and I are looking to purchase a primary residence in Orange County, CA, where it is very expensive! We love the area and aren't considering anywhere else, so we're looking for ways to get the absolu...
Robert Littke
Owner Financing or New Loan
Ok, I'm going at re post this because it disappeared and in the BiggerPockets abyss. So here goes the lengthy explanation (Again).
I have a client with a $230,000 mortgage on a $260,00 home and a 6 month old bankrupt...
Alyssa Teepen
Cash out refinance clarification
I recently took out a HELOC on my primary mortgage and have used this to purchase a home for 32,000 with rehab cost of 150,000 and ARV of 220k. The goal, initially, was to sell this property, however we would really l...
Brandon Smith
Questions on renting out your primary residence. (NOT HOUSE HACKING) TIA.
I currently own a 2020 construction, 4 bed, 2 bath SFR. Financed with an FHA loan and mortgage being right about $2,000 monthly, included escrow for insurance and homeowners' insurance. I also have solar panels on the...
Casey Martin
Using gifted house to acquire another situation?
Hey all,I have been trying for a couple of months to figure this out on my own and would like some input please. This is the situation.I am being gifted my mothers house which is paid off. I’d like to move her closer ...
Justin Morris
FL Tax Deed Properties
Hello BP, My wife and I are jumping in to the REI world and buying our first property. I’ve been on BP for years and have dabbled a little bit but never got serious. Now I am. We are looking to buy our first home thr...
Shuai Zeng
Home Owner Insurance + Land lord insurance separately question.
Hi All,
Been a while since I posted on this forum. I just got my first property few weeks ago. I closed it as second home, with a second home rider..... Since I already got home owner insurance, and looking to rent i...
Jason Crowe
Second Home Financing
Is second home seen as sort of a primary loan in a sense pertaining to insurance? Or is the insurance on a second home more as if buying an investment property? For a second home, is there restrictions on renting?
Tyler Wotherspoon
AirBnb starting question
Hey everyone, I am looking to buy a house for short term rental in Oregon and wanted to know if I should start a LLC for it or just buy it without one? I know there is tax benefits with having it under one but can I t...
Sandra DeJesus
HUD is requesting partial claim after closing on my house in 2015
Hi. My name is Sandra DeJesus. I think I need an attorney. I closed on my house in North Carolina in July of 2015. About 3 months ago I received a letter from HUD letting me know that I owed them $20,000. I did not kn...