Michael Ratterman
Florida Resident owns one property in California. Do I need a California LLC?
Hi,I have one property I am renting out in California which I need to put into an LLC. Is there any way of having that property owned by an out of state LLC and not paying the franchise tax for just one property? I ...
Bronson Perez
VA home loan question
Hi everyone, I am looking to using my VA loan to buy a multi-family property. I understand it needs to be a primary residence for atleast 1 year, which I intend to honor. Afterwards, My wife and I were planning to mo...
Account Closed
How long must I hold a property to use 1031
Hey gang! So how long do I actually have to hold/rent a property that I rehab in order to take advantage of the 1031 exchange?
John Wagner
What is your Experience with VA loans?
Hello All, recently a lightbulb came into my head that I am eligible for a VA loan seeing my father is a veteran. Just wanted to know how everyone’s experience with this is like? I want the bad and good, if there is a...
Andrew Stewart
New member from Truckee, CA
I'm a Physical therapist from Truckee, CA. I'm currently in the process of qualifying for a FHA loan in which I intend to buy a multi family residence to house hack (In the Truckee/Tahoe area). After I establish a p...
Yasser Rodriguez
Purchasing a new primary residence and renting out your old one
We are currently living in a primary residence that we closed on in May 2022 and moved into June 24th 2022.Our primary home mortgage stipulates under occupancy clause: that we move into the house within 60 days of clo...
Jeff Brower
FHA owner occupy requirement. One year or majority (6 mos).
Hey all,In the thread below we are discussing what the requirement is for owner occupying an FHA 3.5% down loan. I am saying 1 year, but I have some others claiming you can move out after 6 months because the they say...
Asher Knudson
Buy Using First Time Home Buyer And Then Working Out Of Country
I have a strange situation that I'm wondering if I can take advantage of.I'm married to a foreign citizen and I'd like to buy a duplex using a first time home buyer loan but after a few months I plan on leaving the co...
Tyler J.
Section 1031 Tax Question
Hello I have a question. I bought a house for $40k and put about $20k into it. I'm positive I can sell for no less than $79k for about a $19k profit before taxes, fees, commission etc. Well I put a lot more money into...
Jeff L.
Do investment mortgages typically have higher rates than primary residence?
I'm a first time investor looking at SFRs, and I'm noticing that the rates I get for "investment properties" (rates in the high 4%s) are higher than rates I would get if I were buying a primary residence that I'd live...