John Chea
Financing 4 Plex with FHA guidelines
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...
Cynthia Carrier
Am I paying too much?
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...
Christina P.
How to finance first STR deal?
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...
Erika M.
Primary residence to Rental
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...
Susan Authement
Own home in AZ. Bought new primary residence in MI .Moving to Michigan. LLC help pls
Question : I have 2 homes ,.I have my orginal primary res. here in AZ ( im going to rent it out) and the new 2nd home i just purchased from a HELOC (that im going to make /change to my primary residence). I don't kno...
Ross Ellington
Please help with some 1031 ?s
Good morning bp had sone questions on 1031. My first is can you use a1031 for primary residence to primary residence, would that be like kind? Or is it strictly investment? Can commercial be included? Also we know tha...
Curtis Mooneyhan
Financing my first home investment
Just recently I discovered BP and it has given me motivation to start purchasing investment properties. I have a plan, I understand the analysis needed for properties, and i'm ready to go. However, I'm having a hard...
Blake Mgbada
Avoiding Capital Gains Tax
Does this situation sound feasible?Let's say I completed a live-in-flip as a single person. When I sell my house, I have over $300k profit. I have to pay capital gain tax on the $50k surplus. What if I refinanced for ...
Kallie Cornett
Captial Gains - Primary residence/rental property - Sell or Refi?
BP Nation - As a rookie real estate investor, I'm seeking advice on our first investment property in the Nashville area that my wife and I previously called our primary residence (2017-Jan 2021), and began renting it ...
Min Liang
Primary residence mortgage for retirement
Hello all,I spoke with a mortgage broker today in regard to purchasing a home in FL for my retirement in approximately 9 months. He had told me that I’m not qualify for primary residence due to me not living within th...