I have recently purchased a house that i have moved into. I purchased it using my business line of credit from a local bank who holds the mortgages to many of my properties. I intended to refinance the loan on a 30 ...
Hello,I see the current construction in the area. I recently bought a new construction home as my first house here. They attempted to sell me on the idea that the area around my community will be built up within the n...
I have been listening to most of the podcasts and I keep hearing that most of the investors say they have exhausted the way to get a traditional loan, What is the maximum amount? Can you ever max out a portfolio l...
Hello experts on the 1031 topic,I have searched many posts on this forum and have found lots of great info on 1031 exchanges. I have learned A TON, however I don't believe I found the right answer to my particular ...
I aim to find a fixer upper quad/triplex in Chicago area, renovate and house hack, then cash-out in 6-9 months.But when financing my other rehab or cash-out projects, I have seen the lender requires the property to be...
Which of the following is not an investment property?
A. Land
B. A 1-unit apartment complex
C. A mini-storage facility
D. An owner occupied residence
This would not be traditional house hacking, but maybe a cousin to it... I'm curious if many people have found success in moving to a new primary residence, but keeping their current house as a first rental property. ...
I have a traditional loan in my primary house. I do not want to sell it just now. I wanted to invest in a secondary property that can double up as a rental (MFH). Can I buy a land using self-directed IRA, then build u...
Hi everyone, i wanted to put my ignorance out there and see if I can learn some valuable information from you all. I'm looking to form a simple tax strategy based on a very small portfolio, I want to do it right while...
Currently own 3 income properties, looking to turn our primary in to a rental, and build on a lot we own. Tried to get conventional lending and debt/income ratio does not meet underwriting requirements. (We refinance...