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...
Michael Shadow
Sell your house to your llc then rent
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...
Nik Parks
My spouse has no credit
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 ...
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...
Brandon Wynn
Midwest VS. Atlanta VS. Arizona Investing?
HEY all! I am a Columbus, Ohio Investor following the BRRRR strategy. I am investing in Ohio for the obvious reasons (low price, high rental demand, equity potential, ETC) but I am investigating moving to Arizona (o...
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...
Tyler Miller
2nd Lien HELOC Question
I am looking to get a 2nd lien HELOC on my current primary residence to leverage the equity to acquire other rental properties. I also plan to move out and STR the primary residence. Has anyone done this before and ha...
Allen B.
How to figure net worth for lender?
For at least some types of commercial lending, loan balance is capped at the net worth of the buyer(s). I've looked but so far, not been able to find guidelines for how that is calculated. In particular, would a prima...
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 ...