Cindy Galdos
Finance Decision Crossroads for 2nd Property
Hello, BPs community!!This is my official 1st post! A total Rookie here but ready to learn about the RE investment market in South Florida (for now).I already have a Condo (primary residence) and planning to buy a 1st...
Annette Barnett
Limits on lending for multifamily - must purchase within 100 miles of my residence??
Hey community,I spoke to a lender yesterday and didn't totally understand what he meant. He asked me what I currently own, which is a single family home, a duplex and a condo. He said something about not being able...
Josh Goldstein
Looking at an 8-plex and have an issue
I am looking at an 8-plex that could be a pretty great deal, but... It is filled with elder people on social security. I don't feel right buying it and booting any of them out and since they are on social security t...
Douglas Gross
Buying a property for my parents
My parents are moving to Florida, where I currently invest in SFHs. I would like to buy them a house, most likely in a 55+ neighborhood (I am not 55 years old, but they are :)). I am looking to put down as small of a ...
Juan Garcia
Texas and its Section 50(a)(6) Refinance Matrix and Summary Guidelines
Little bit of a backstory.
- One of my brothers (A) signed for a property for my other brother (B) which will not qualify due to his low credit score. Recently my brother (B) got divorced and will have to payout his...
Michael Gibek
$1.1 million mortgage interest deduction post new tax law
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Dan V.
Tax Implication and Other Things to Consider
Me and my wife are planning to purchase her mom's house. She used to live in the house and now lives with us for about 2 years now so the property still qualifies as primary residence. She is open to seller financing ...
Ameer Eddin
Primary Residence vs. Investment- Refinance
I'm hoping I can get some feedback on what constitutes a primary residence for underwriters on a conventional loan. I have a friend that asked for advice on refinancing her first home which was purchased 2 years ago w...
Edward Kanive
Physician Mortgage Loan
I am a resident physician and my wife is a medical student. We currently live in a 1BR condo that we currently have a mortgage for. The place sold for 59 grand and now we owe right around 50 grand and have since renov...
Brian Angeron
Owner occupancy rules - STR
I am working out of town for months at a time and would like to buy a property back home with an FHA for the low down payment. While I am away I would like to rent the property as a STR, having family help with the ma...