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...
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So I was a week out before closing on 2 unit in South Portland and the underwriter denied my loan. First of all I feel like the bank I used should have never had me pay for an appraisal if the suspected my loan wit...
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I am in the process of closing on my first deal and I can't stop thinking about lining up financing for my 2nd!
Here is my situation:
Starting on May 1st 2012 I rented two spare rooms in my personal residence. I had ...
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Who here is closing on their or helping their clients close on their primary properties in 15 Days of LESS in this new buyer's market? I've noticed a trend towards longer escrows 21-30 days with the buyer pool shrinki...
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Should I say that I am purchasing the property as my primary residence right up until the last minute instead of saying it will be an investment property from the start?
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Hello! this link was very helpful thank you so much for taking the time to post it. My question is regarding the Capital Gain Exemption...
What if I bought a Property: January 1, 2015 for $500,000
Rented it out unt...
Hi, I have been researching investment opportunities since before I can remember. This year, I finally bit the bullet and bought an income property outright. Since it is a condo association of almost 100% vacation o...
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Hello,
I am trying to evaluate different options to rehab a rental property.
1) I can do cash out on primary and use the proceeds to fix the rental and rent it out
2) Take out HELOC on primary and use the procee...
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I am just getting started and looking at starting with STRs. I heard the other day, you cant use 10% down for a second home if it a condo, is that correct?
Thx for your input.
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My wife and I just bought our first primary place and I might have a job opportunity that will take me to another state. I'm thinking about turning it over to a management co and renting it out. Will that affect anyth...