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Totally new, wanting to get started in real estate investing. Here is the scenario: Currently in the process of leaving CA. We're building a house outside Wilmington, NC, but it likely will not be ready in time for ...
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Question,I have a friend in Orlando, FL wanting to buy a townhouse 12 mins away from Universal Studios. He plans to rent it out with Airbnb. He is noticing that most investment properties ask for 20% down for a loan...
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How long does a lender usually want a borrower to live in a primary residence before they move out and make it a rental property, (in order to keep the lower primary-residence loan rate)?
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If I had enough time and am already preapproved with plenty of down payment money would a bank give a conventional loan if I wanted to live in the property a wholesaler is marketing while it's being fixed up before re...
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Do you think is wise to use an FHA Loan to buy a Single Family residence, live in it for 1 year, and then rent it afterward if it meats the 1% rule (or greater)?
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If I had an investment (STR) property for 2 years (We'll call it property A), but then moved into it full-time (not renting it out) "converting it" into a Primary residence - and in the future, I decided to purchase a...
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Hello,Curious. I’m buying a primary home and all lenders pushing the 10 year fixed loan (variable after 10 years). Why are lenders pushing this? I wanted a 30 year that will cost 0.50% more but lenders all pushing me ...
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I’m really interested in starting my real estate journey through the Naca program and house hack. However I was told, with Naca, you have to live in the property as your primary residence for 5years, and they will put...
Hello! This is my first post on the BP forums! I have been in the research and learning phase of my real estate investment journey for about a year now and I am ready to move to the next step and make my first purchas...
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Hi everyone, I’d like to run a question by our community:I purchased a home 2 years ago with a FHA loan. About 15 months later, we bought another home with a primary mortgage and moved to that new home. The first hous...