Nathan James
The Specifics of FHA Residency
So I've been thinking of ways to creatively and legally utilize an FHA loan to fund a multifamily property. Reading the FHA guidlines I've seen that if I have another name listed on the mortgage only one of us needs ...
Gloria Mirza
converting primary to rental and purchasing new primary - DTI?
I'm going to purchase a new primary residence in Feb/March of next year. I know that my income will not qualify me alone. Will I be able to count 75% of expected rental income for my old primary when calculating inc...
Duane Hundley
Conventional Loan Rules for 20% Down
I'm looking at doing a conventional loan on a property that I'll rent to my sister and mom. On the down payment of 20% where can this come from?
I was thinking about using a 0% check with my credit card for the $10...
Anique Akhtar
CalHFA worth it?
Hello,If someone qualifies for the CalHFA mortgage loan. Should they go with the 6.25% and/or 6.625% mortgage rates they have advertised online? I am not sure the difference between the two rates on the program. Or ar...
JDee Moore
Is now the time to refi?
If my market is considered to be at the top of the market or at minimum a year or two away from the top. Should I refi now? Single Family/primary place of residence Property Strategy - I would like keep house as my pr...
Jacob Hinchman
Tax Implications for Personal Use Vacation Rental
Hello,
I have purchased a condo to use as a short-term rental. I would like to stay at the rental every once and a while. I have read many articles about personal use, residency, and taxes. But still have some ...
Renat Shamiev
Trying to avoid taxes
I have had this condo since 2011. I bought it for 27k then. I am thinking of selling it now and neighboring units have sold 160k. Until September of 2018 it was my primary residence. So for the last five years at leas...
Gaya Haas
Newbie needs help !
Hello Experts!!!
I am Gaya,a newbie here. I am looking for a realtor in Ohio and a lender who has an option for a 10% down payment. Thank you and have an awesome day!
Nate Castle
Is it a requirement to owner occupy an FHA loan assumption?
We are in the process of looking at a FHA loan assumption. My question is “ is it a FHA requirement that we need to live in the property after the assumption? Or have the original owners already satisfied this require...
Steven Beckham
Fix and Flip Using Someone Else's Mortgage
I'm looking at doing a fix and flip, but I don't have the funds for the purchase, and the hard money quotes I've been getting are too expensive. The subject property is in livable condition and qualifies for bank fina...