Hello, I'm trying to qualify for a loan to acquire my primary residence (FHA hopefully). I would like to invest in maybe a 4 plex? I was wondering if it is allowed to purchase multiple properties with the amount of th...
Hello Friends,
I am toying with the idea of renting out my home for a year, either as a traditional rental or an Airbnb. During that year, I would live in an apartment. The goal being to create income history so that...
I have a single property with two homes on it- I live in one and the other has consistently been rented for the past 6 years. Their have been occasions when both houses were rented and I did not live in either. If I ...
Hi Everyone,I am currently searching for a 2 family home that I will be buying with a friend. He will live in one of the units for approximately 1 year and we will rent out the other unit immediately. Would we quali...
Need to refi permanent residence to get rid of PMI. I just closed on a property with one lender so I could go with her and not have another credit hit and she already has 90% of the paper work. I've spoken to a local ...
Hi all, I’m coming to this group because I’ve now gotten different answers from different cpa’s and I figureD this might be the best place to help resolve this or see if I need a third opinion. I’m trying to understan...
I am under contract for my my first property, which would also be my primary residence, and was pre-qualified/approved through lender A which is on the contract. There is a mortgage contingency on the contract. If I a...
I currently have a rental property with substantial assets gains. Since I will hopefully be retiring within 2-3 years, how can I avoid potential tax consequences? Can I opt to make it a primary residence?
The parents of a young couple are purchasing a home for them. They applied for a loan and are approved however, because they already own a home and are not planning on selling it, it is considered an investment pro...
I currently have 8 years left on a 15 year conventional mortgage on my primary residence. I'd like to buy another home and move into it, making it my primary residence and rent out the house I live in now. Would I be ...