Chris Watkins
How do I buy new home without contingency - sale of current home?
So I've got a newbie question - Let's say I have my current primary residence and then I find a new home that I want to buy as my new primary residence. I don't qualify for both mortgages so the traditional thing to d...
Robert Fullum
FHA Primary Residence meanings
I've been digging through searches and docs online and i can't find a straightforward answer. I'm trying to determine what constitutes a Primary Residence for an FHA. Most things merely say something to the effect of ...
Wenai Ji
Ask tenant to move out for owner occupancy?
Hi all! I’m interested in buying a triplex to house hacking in Los Angeles. I have a question about tenant situation.The triplex is consisted of 3/3, 4/2, 2/1. Currently 4/2 and 2/1 are tenant occupied. I plan to move...
Christopher Rogers
Can you live in a duplex if you purchase it as an investment?
Suppose I sell my current investment property. I then use a 1031 exchange to purchase a duplex. Can I then live in one of the units as my personal residence?
Marc M.
Looking for a lending advice for primary residence/house hack
Hey BP,I'm in a little bit of a pickle and could use some advice. I have been searching for months for a primary residence for myself, which has turned out to be a challenge due to the competitive market I'm in (Wash...
Thomas Nichols
Primary paid cash, HELOC or mortgage?
Looking for some advice and bigger pockets seems like the right group of people to ask. I currently own many rental properties and will be buying my primary residence with all cash. I will still have cash available af...
Darren Bloomfield
75% LTV? What about owner occupied?
Just finished BRRRR by @David Greene !!! Fantastic book and really changed the way I will think about scaling my portfolio. 75% LTV refinance was mentioned a lot and I am wondering if this is because a 25% downpaymen...
Kareen Job
New investor seeking advice sell or rent
I am fairly new to real estate bought a town house in San Diego last year as a primary home. Interest rates around 6% but looking to move for work. I am deciding if to
1. Rent the place and have a delta of -$2k per...
Cogit Aretoo
Families 1031 Exchange question
Please help me answer what should be a simple yes or no question that is currently part of a family dispute. I know little to nothing about 1031 exchanges. Thank you all for reading this post and for any comment you m...
Joshua Loh
Questions as a first time landlord
Hi guys, have a couple of questions as a first time landlord.1) Do I need to pay taxes on my rental income? How do I report it? How does the IRS know how much I am renting my property out for?2) Can you rent out your ...