Hunter Nelson
BRRRR Questions: Low Down Payment Possible?
Hello everyone!
Is it pragmatic to do a live-in-BRRRR, house-hack deal starting with a conventional or an FHA loan on a primary residence? I've heard people talk about getting a hard money lender for this strategy, b...
Adrian Balderas
HELOC the best way to go?
Why am I getting push back from my local banks on HELOC? I’m trying to start a relationship with a local bank and when I bring up options for financing and wanting to get a HELOC they suggest that it’s not the best or...
Anthony Mikolich
HELOCs and Rental Property
Hello All, I am about to turn my primary residence of the last 23 years into a rental property. I am hiring a property manager and moving out of state. I have substantial equity in the house and am looking at a ver...
Robert F.
Do I need an umbrella policy??
I am a first-time home buyer. The property is a duplex and it will be my primary residence once tenants clear out. The current landlord is giving lease termination notice before I close I plan to rent the upstairs apa...
Peter J Donaldson
Yet another 2 out of 5 year Primary/Rental Ratio question (sorry)
Ok, I have read all the IRS publications and seen many forum answers on this basic subject and I THINK I now have an answer from IRS publication 523 but would like confirmation if possible as I think I have a quite ra...
Pat Noyes
Primary residence home equity use
I am looking at one of two options.
1) get a HELOC on my primary residence and use it for a 20-25% down payment on a multi family. OR
2) sell our home and use the proceeds for a) 3.5% FHA or 5% conventional down pay...
Michael Doughty
home owners insurance going up 93%
I just received a letter from farmers insurance saying my primary homeowner's insurance would increase by 93%. there reason was - 8% cost of living, 3% agent commissions and 82% for industry factors.? it is not the...
Sarah Herzog
Refi rentals to pull cash out
Some background. We have two investment properties and our primary (which will also eventually become a rental). We buy as primary residences, live in, renovate, rent out, buy again with a primary and repeat every fe...
Carlos Silva
Is this a dumb move?
Due to higher interest rates, what are your thoughts on buying a new primary residence rather than purchasing a new rental property with a higher interest rate? I've thinking about renting out my current home and pur...
Ku Thao
How to get financing on a 2-4 unit multifamily while owning a primary residence
Hello all,We currently own a 4 bed 2 bath primary residence that is valued at $425k. We would like to rent out our primary and buy a 2-4 unit multi-family owner occupy. I reached out to a lender and they stated that...