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Marco Garza Need help purchasing 2nd residence

12 January 2021 | 0 replies

Hi, so im looking into moving out of town and purchasing my second residence an putting my current residence to rent since I have a small payment on it. Big question is my wife wants to go for a new construction house...

Nicholas A. Commercial Insurance on Primary Residence

1 July 2021 | 0 replies

Hello,Will the title company have an issue if I buy a commercial home insurance policy on my primary residence? I travel a lot, so I want to airbnb while I am out of town. I do know that title companies are sensitive ...

Max Haffner Rent or Sell Primary Residence

9 November 2020 | 2 replies

Would appreciate input on whether to rent or sell our primary residence. We are looking to buy a larger home in the same area to accommodate our growing family. This would be our first time having a rental property....

Payton Ball Using HELOC on new residence

22 July 2022 | 2 replies

I’ll start with the basic question then elaborate below. Can you still draw on a HELOC once you move out and the property becomes a rental?I haven’t seen anything that says no in the documents for mine, but I would as...

Account Closed Personal residence to rental property

6 March 2023 | 2 replies

Hello! I purchased my personal residence in September 2021. I anticipate to be moving in September 2023 and would like to rent out my personal residence. I have a few other rentals in the area that are owned by LLC's....

Fuad Gilede Depreciation Airbnb and primary residence

9 January 2023 | 9 replies

Hi everyone,
Not sure if anyone has talked about this before, but I recently started renting my garage as an airbnb (I live in the main house), and I'm curious to know if I'm aloud to depreciate the portion of the h...

Shane Forrest Renting out my personal residence

4 March 2017 | 3 replies

If I buy a house with a conventional loan do I have to live in it for a year before I can rent it out?

Angelina A. Principal Residence as Investment Property?

6 September 2022 | 8 replies

Hello!
I am purchasing an investment property for my elderly parents to retire in. My lender is offering me a “Family Opportunity Mortgage” option- a special borrower eligibility occupancy rule in which Fannie Mae e...