Erich Snyder
Being an out-of-area investor in Pottstown, PA
My wife and I are currently looking a potential deal on a duplex in Pottstown, PA as our first ever investment property. My question pertains to the the borough's requirement for the landlord to be a resident of the b...
Steven S.
1 year primary residence rule same for FHA and conventional?
Hey Everyone,I am getting very close to the point where I can refi out of my FHA loan on my primary residence into a conventional mortgage to get rid of my PMI.Once I do that I would like to make my primary a rental a...
Nelson M.
FHA Occupancy Rules
Hello BP,I've been having a small concern and thought I'd turn to BP for some insight..I'm currently residing in NJ, working full-time in NYC, and looking to relocate to PA some time in the next few months by purchasi...
Nick Zigler
Adding tenants to existing month to month lease
Background: Oakland multi-family (4-plex) propertyScenario: Existing tenant would like to add new occupants (2 relatives) to an existing month-to-month agreement. 1) Should we add the new tenants as master tenants or ...
Jesse Birdwell
Selling a rental. Tax help anyone?
Hello. Just looking for a little advice. IVe got a SFH I bought in college about 8 years ago. I purchased for $70k. After moving away I continued to rent it out and still do to this day but have recently decided to se...
Account Closed
Using heloc from primary residence to pay of first investment property
Hi, I'm not able to find this question asked and answered on here so here goes, point me in the right direction if i'm wrong.
We have an investment property in Florida on a 15 year note, 14 left. The rate is @ 6%. I ...
Jim Collins
Shouldn't PITIA paid by LLCs be excluded from personal DTI calculation?
I am paying mortgage for all the rentals from business accounts. The only PITIA paid from personal account is for a personal residence. I am trying to get a 5% down first home buyer conventional on a fourplex for my d...
Paul Santos
Best Use of Downpayment Funds
Hello BP Members,Looking for advice purchasing first investment property. We are selling our current home, moving, and then purchasing another primary residence at our new location (Phoenix metro area). I have enough ...
Michael Carbonare
Do Not Buy A Condo In Florida!
A n00b contacted me about the numerous "great deals" he was seeing FSBOs offering on their condos throughout Florida. As a resident of the Hurricane Sunshine State, I can tell you it's Fool's Gold. The assessments. ...
Wes Ripley
Investor Friendly Banks in Columbus Ohio
Could anyone recommend any banks they have worked with in the Columbus Ohio market that are investor friendly?I know the general plan would be to look for local banks and credit unions but I was hoping for a direct re...