Good Morning Everyone!I was wondering if anyone could provide an answer to my question. Can you be approved for a 2nd home loan if you do not currently have a mortgage on a 1st home, or, are not currently on a deed (a...
Hello all!My wife and I are building our first home in Las Vegas and will be completed next year in mid-summer. I am eager to get my feet wet on a first rental/BRRR property before our home is completed.What would be...
we have FHA inetrest rate of 3.5 % from 2019, i have buyer looking to assume the loan with 650 credit score. i am looking to get answers for the following questions1.) Does same interest rate gets assumed and how long...
I have a question about long term capital gains. My original basis in my primary residence was $230k. I refinanced at $600k with cash out. Is my basis still $230k or does it increase to the $600k? I'm trying to figure...
My current house was initially bought as a live-in-flip. However, with the market going the way it is, I thought I’d look into keeping it as a rental and refinancing it so I can buy another home. I was talking with a ...
I graduated college a bit over a year ago. My credit score is 800+. But my credit lines aren't enough for this lender. So they are requiring I get my dad to co-sign and since its an investment he has to be on title as...
Hi everyone.I'm under contract for buying a house in North Jersey. It is a 2-Family and I'm going to use one of the units as primary residence. I have perfect credit and can put a 20% downpayment. But the income info ...
If I buy a place and live in it for 18 months, rent it out for 6 months, and then live in it for another 6 months before selling, would the full gain (under $250k) be eligible for exclusion or would I need to take a p...
Hi. I am hoping somebody can give me a little bit advise. When our permanent residence was build we made sure part of it was set it up to be finished as a mother in law/ duplex. That part of the house is getting close...
Hey folks, I am currently brainstorming how I plan to step into the world of real estate. I come here seeking your thoughts and constructive criticism of my proposed method which i'll explain. Basically my deal struct...