Joe Ebanks
Converting Primary Residence to Rental
Hi All,I am currently planning on doing a cash out refinance on my personal residence. Something I have been thinking about doing is, after I get my loan, renting my home out and moving to a different home. Are there ...
Spencer Vickers
Refinance — USDA to Conventional
I have a client that wants to rent out their home and purchase a new home. Here are the details:Current residence that they want to rent out is on a USDA loan @ 3.75%. They have lived in the property for 15 months. Th...
Eric Haque
HELOC Mortgage Fraud?
Hi all, QQ, I'm interested in taking a HELOC against my primary residence to utilize the funds to purchase a duplex (house hacking) which would then become my primary residence. In inquiring on my financing options, I...
Shawn H.
Military, LLC and first multi family rental
I have two questions hoping y'all can help me out with. 1) I'm purchasing a multi family property in my personal name. Should I set up an LLC to manage the property? (For ease of separating expenses, write offs, payin...
Timothy Albright
FHA house hack ... primary residence ??
Quick question ... looking to invest in a duplex, FHA house hacking is the go to first investment. I currently have a mortgage, any way I can claim primary residence in my potential rental property?
Bhishan Poudel
Can I buy investment property as a primary residence?
I am living in a property thats under me and my wifes name. However, the mortgage is under my wife's name only. Can I buy another property (thats intended to be a investment property) with loan on my name saying that ...
Tayvon Jackson
Anyway around FHA owner occupancy
hello all,I'm a newbie. I have a single family home 4 bedrooms and I'm renting out two rooms. My mortgage is 1700 they Are paying me 1800. Great situation!! I just bought a town house for 170k using FHA but I would mu...
Tabitha J.
Advice on renting out an affordable house
Hi! I purchased my home through a first time home buyers program. The house is 3 BR and 2.5 BR. I am considering renting out one of the spare rooms. Someday I would like to move out and keep this house and make it a r...
Mark Kille
Can I have two primary homes in the same city for 5% owner occupied lending
I am stronging considering buying a tri-plex in the same city I live with my wife and kids. For this purchase, I would love to use the new 5% down on lending if the 2-4 multi-family unit is "owner occupied." My prel...
Ryan K.
Tenant's Lease is almost up...Send Notice of Non-Renewal ?
I have a tenant who's lease is up in July. I intend on keeping the tenant, but under a totally new lease. (The prior lease was from the previous owner). Do I "need to" send my tenant a Notice of Non-Renewal? If so, wh...