Dorian Weber
HELOC came back less than expected - now what?
Numbers
House appraised for $350k
Owe $150k
HELOC based off of credit (740), appraisal of house (350K), No credit card debt only a car payment ($350 a month) and house payment ($1600 a month)
$33k
I changed indus...
Ryan D.
Residential Mortgage Requirements
Can't seem to find an answer to this question and it seems relatively basic. Is the residency requirement for a residential mortgage 1 year from the start of the mortgage or from the start of you having lived in the p...
William Huston
Selling a Rental after being rebuilt (fire)
I have an interesting situation on my hand, one of my rentals (Townhouse). Nearly half of the complex was burned down from a fire about a year ago. The insurance company is going to rebuild all the units due to the am...
Nathan Salgado
Creative ways for a down payment on primary residence
Hey bigger pockets! My name is Nathan Salgado and I really need some help. Due to the Covid 19 our terms for the second mortgage on a new construction changed and they want more money down. We close 21 of may and need...
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...
Bob S.
Painting Kitchen Cabinets
Hello! I have a question about painting kitchen cabinets in a remodel.House was build in 2001. Kitchen has the light brown cabinets in excellent shape. Do you paint inside of the cabinets/drawers as well? Inside is al...
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 ...
Grayson Graham
Would AirBnB jeopardize my capital gains tax exemption?
Im currently 6 months into a live in flip and Im having trouble making the mortgage payments on the home with my income alone. We get a bit of tourism in Bend Oregon and Im in a nice part of town across from a big par...
Tommie Rowell
Down Payment Assistance Programs
Hello Everyone,I'm new to the real estate investing seen but have attended seminars and done some book reading on my own up until this point and I think I'm finally ready to take the leap! Through all my studies I've ...
Varun M.
Pulling out equity from primary residence
Hi BP friends,
Following some great advice on this thread: https://www.biggerpockets.com/... we are looking into refinancing options to pull equity out of our primary home in SF, and use it to build our investment po...