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Are there any rules against using a HELOC as a downpayment for a conventional, Non FHA loan? Or would it be better to use the HELOC as money in the game for a private lender or hard money lender and then refi with a...
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Aloha everyone, I'm trying to figure out a capital gains tax question. I have a rental I'm selling to my tenant. I purchased in 2003, lived in it as primary til Oct 2007. My understanding is active duty military has 1...
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Hi! I just got preapproved from the lender today for my first rental property! I haven't bought a house since my primary residence in 2007, so this financing part is new to me. It seems like traditional lending is ...
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Here is my situation...
We OWN a rental property...currently trying to sell it.
The reason for trying to sell is that if we sell we can pay off our mortgage on our primary residence.
Can anyone tell me if there is an...
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So I have a HELOC on my primary home. We recently bought a house for cash and I plan to fix it and move into it and do a home equity loan to tap into my equity. i plan to keep my old home (the one with the HELOC) as...
Hey guys I found a nice few in my area. I already used fha loan on a 4 unit property...I can not afford 20% at tbis moment so I was wondering if it’s possible to do 10% if I owner occupy...I currently have a pending o...
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Hi, I have a single family rental in N California. It’s worth about $340k and I’ve got $150k left to pay. I’m currently overseas, and will be moving back to the US in Apr 2023…this year, for 2-3 years…maximum. I’m tor...
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Hello BP,My name is John and my wife and I currently have one long term rental and our primary residence. As we have just moved into our primary, we are ready to take the next steps on acquiring our next rental. We ar...
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I own a single family home in the western suburbs of Chicago which is my primary residence. The home has a one bedroom 700+ sq. ft. in-law apartment in the basement which I've just remodeled. I have a tenant wanting...
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Hey investors! A beginners question here: how do I get pre approved for a higher loan from the bank? My debt to income was too high for me to get a heloc from my primary home. I got pre approved for 400-500k from my w...