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...
Spencer Herrick
Conventional Loan for Rental Property- Money Down- 20 vs 25% Down
I've spoke to several lenders at this point and it seems that most will give you 30 years terms but every lender I've spoken with (3 different ones) are all requiring 25% down vs 20% down. Has anyone else seen this? S...
Byron Broughten
How soon can I refinance owner occupy to investment?
I've been digging through old threads and haven't found a clear answer to this.If I get a conventional loan for a primary residence duplex, lets say with 5% down, but then I quickly build equity up to 20%, can I--befo...
Mark Samuals
2 Year Rule for Capital Gains on Rental Prop
I purchased a property in California several years ago and lived in it as my primary residence for around 3 years. It is currently rented out and I am thinking about selling next year when my tenants lease is up. Wh...
Nitin Dhiman
Holding period question for 1031 exchange
Hello experts,I believe that for a full tax deferral of profits through a 1031 exchange, I need to have occupied the property for at least 2 of the last 5 years. A rental property that own was occupied by me for the f...
John Ingallina
Advice on financing options
Looking for guidance from this amazing group:Opportunity to purchase a condo for a STR that will not quite break even from a cash flow metric (obviously depending on financing option), but I'm good with that. Apprecia...
Matt Pastier
Liability insurance question for a rental
I have my first buy and hold rental in contract and am really excited about it. I got an insurance quote from the same agent that does our primary home and our cars. The quote includes the insurance for the structure,...
Hubert Ato-Bakari Chase
I am a new landlord but haven't set up a business as yet.
Greetings BP,So, I just set up a lease for my home. Single Family. Tenant will be moving in next saturday 28th. Now, I set it up under my name, but can I change over to a business later?Also, I've bought a second home...
Brandon Kessler
Using a VA loan while still in the barracks
I am currently staying in the barracks on base in the Oklahoma City area, and plan to purchase my first property through a VA loan to get started. Should I purchase while Im staying in the barracks and rent it to a te...
Shawn Abe
Refinance HML with a 203K Loan
Does anyone know if you can purchase a property with hard money, and then refinance it with a 203k loan? I would by an owner occupant. The only reason for using hard money in the first place would be if they want quic...