Charles Granja
Does an underwater mortgage stop me from purchasing real estate?
Hello,I have a question on a scenario:From what I am aware on QM loans, what matters is my credit score (history of paying debt service), my income (W2/DTI), my rental property income (2-years), and cash reserves. Let...
James Palassis
Should I Renovate My Rental Before Making It My Primary?
My wife and I are about 3 years out from retirement. Both kids will be out of the house and we are looking to downsize. We have identified one of our rental properties to be our primary residence when we do this. We h...
Shalom Afraimian
Hard money loans for primary residence ?
Hi all
So after investing, it’s time to think about my own place ;)
As I am not a “conventional” applicant - not on a W2, about two years in the US - are there any financial solutions for financing a purchase of a pr...
Jared Basker
Renting vs Selling/Transferring Home to Family Members
I currently have a 30-yr fixed rate mortgage on a single family home that is my primary residence. My parents live there as well. I'm looking to move out and get a house with my girlfriend within the next few years an...
Jacob Hanson
Primary Residence for Lenders when House Hacking
I'm house hacking a quadplex. So I'm living in one unit and renting out the other three with a Home Possible 5% down loan. After a year of primary residence, can I jump right into an FHA loan with another quadplex? ...
Andrea Rosa
No idea how to take next step in REI
Hello! I'm stuck and don't know best course. I own a townhome w/ roughly 135k mortgage left, but it's worth 225k now. I have roughly 25k cash for a mortgage down payment. I would like to buy a primary single family...
My Old House
Short Term Rental and 121 Exclusion
Dear Friends,
We purchased a 3 family house (with one title and one address) few months ago. We intend to occupy all 3 units in the house as our primary residence for more than two years.
Some of my family travel a...
Wade G.
Refinancing rentals to pay off primary mortgage
I know this question has been asked over and over again but there are always new members with different viewpoints. To make this as brief as possible I have four SF rentals. Two are only around 65-70% LTV but the ot...
Boris Peyzner
Line of Credit - What Percentage Refi Out?
I am curious what the highest someone has been able to get in terms of the percentage of the value of the house with a conventional bank (not a hard money lender).I am in NJ and someone told me (I did not verify this ...
Ariel Valenzuela
HELOCs on non-owner occupied/ investment property
Hello! Does anyone know a lender who is allowing HELOCs on non-owner occupied or investment property? Thank you!