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Currently own a 2 unit as my family primary resident (current not rented, temporarily reverted single family). Want to move on to purchase a second multi-family. Leaning towards a home equity loan or refi as choices s...
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Ok so here’s my very first rental property deal. Purchase price $51,000Single family home3 bedroom 1 bath 1120 sq ft$15,000 down payment I used with a Home Equity loan from my primary residence. 20 year mortgage loan ...
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I borrowed money from my mom to purchase a rental property. I would like to treat the loan as a home equity loan on my primary residence. Currently I pay her interest only payments and we have a very basic written a...
Hello everyone!! This is my first post, my husband and I have just started to set up our business plan for investing in multi-family homes (duplexes) in our area. My question is should we take a home equity loan out o...
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I want to rent my home in about 2-3 months, move 30 miles closer to family. I will be keeping part of the home for my personal belongings. garage and RV storage. ( I started another thread about building adu so I cou...
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Hey! Can anyone explain to me the new rules under the new tax plan about the limits of writing off mortgage interest, specifically on your primary residence? I've hear it may be really beneficial to switch to an int...
Good afternoon! I have a question that I am hoping you or if you know someone that can help answer. If I decide to do a home equity loan on my primary residence and then convert it into an investment rental property n...
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So we pay cash for rentals using a HELOC from our primary residence and then obtain financing on the property after the fact. Proceeds from loan pay off HELOC. How do we get competitive 1st mortgage finance rates? I h...
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Lets say you own a piece of property 50/50 with someone and you want out but they don't. What has to happen for you to get out of it if your partner can not buy you out?
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Hello everyone! I’m seeking some advice on the next step to take to purchasing a duplex or a triplex. My location preferences are GA, NC, or TX ( avoiding anything around the Gulf). Here is my situation.
My primary r...