Khang Nguyen
HELOCS/etc on non-investment non-primary residence property
Hi BP,I have a pretty unique situation. I have a relative who purchased a primary home in cash and also put my name on the title/deed. She does not have the income/DTI to leverage a HELOC on the property herself, bu...
David Waldy
Convert primary to rental - property tax snafu
Hey fam!
So we are discussing converting our primary to a rental. I just found out in the state of SC if you rent your home for a period of longer than 72 days, you are subject to the higher property tax rate for the...
Brandon Stevenson
Why or why not: Personal home LLC
Hello all!New to real estate investing. Looking to turn my primary residence into a rental property and purchase a new primary residence for my family.For the new primary residence, I’ve read conflicting recommendatio...
Emily Malin
Cash out refinance, title seasoning
Hey folks,
My husband and I are trying to do a cash out refinance on my moms home which she has owned free and clear for over 10 years. This is her primary residence.
There is a mother in law suite we built which s...
Keishee Hill
Non-Owner Occupied HELOC @ 90% LTV
Can anyone recommend a bank or mortgage company that will do a HELCO for a non-owner occupied property at a 90% LTV? I also need them to be authorize to do HELCO in Illinois.PNC, US Bank, and First Merit do not do the...
Tyler Sanzone
Opinion on heloc LTV
Looking for some opinions on how much percentage to tap into for a heloc on my primary home. I'm looking to apply for a heloc through PenFed who offer up to 90% LTV. The house is valued around 325k and I owe 170k. Th...
Michael R.
Won't insure rental if not primary residence?
How are those of you, with numerous properties, shopping insurance on properties purchased strictly as investments and non owner-occupied? I've had a few insurance companies tell me that they will not provide a landl...
Vy Mai
What should my next step be?
Hello everyone,So it still feel so unreal that we just closed our first income property. I think it won't hit me until I got the rental pay on Jan 1, 2016. Of course we got paid first, last and security from the sell...
Billy Johnson
Tax Question about inherited property
My sisters and I inherited 34 acres in Florida when our mother passed. The property is in all three of our names. I placed a mobile home on the property as my primary residence about a year ago. I am currently thinkin...
Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...