Kyle Myers
Is 90% LTV on a jumbo loan on primary res available to investors
First time REI, has kicked me in the pants and it's not really an REI. Trying to purchase a primary residence, but it'll be a jumbo loan. I know you can get some Banks to loan you up to 90 LTV but I'm having an issue ...
Shawn Abadie
2nd position lien-holder / foreclosure issue in NJ
Hello all,
I'm a member from AZ, but have a brother in NJ with a complicated issue. Small house, $6000 left on mortgage with 1st bank. Equity line of credit with 2nd bank. Brother doesn't want the house any longer...
Elex Price
Tax on Sale of Primary Home?
I close on the sale on my Primary Residence this week. My question is will I be tax on the sale and if so what's the rate? I lived at this residence for about 4 year. I did some research and came across Topic 701 on I...
Justin Letkiewicz
Do existing leases transfer with my new property?
I'm currently under contract to purchase my first rental property (4 plex) with a FHA loan. Obviously this means I will be needing to reside in the building. My concern is whether or not I have the ability to "help" a...
Hunter Montez
Selling primarily residence for investment property
Hey BP family !So me and my wife are considering selling our primary residence due to my neighborhood market being red HOT right now. Homes are selling within 1 week to 2 weeks tops over here and doesn't seem to be s...
Jeffrey McCarley
Refinancing to purchase a new home
I am new to real estate investing and I am trying to figure out my best option. I have approximately $275k in equity in my current residence. I owe $150K on my current mortgage. I am thinking about taking out a line o...
Andrew Toups
First Single Family Property Purchase - Out of State
Looking for a little guidance here, perhaps I am overthinking what "Proof" you need for a Primary Residence. Situation -I'm looking to invest out of state in a single family property home, I currently do not own a hom...
Eric Villanueba
Renting out basement of Primary residence CRA loan
I bought my Primary residence one year ago and have since been renting out the two rooms in the basement. I am looking into refinancing this mortgage now in order to get a better rate and I do have the tenants living ...
Zee D.
Philadelphia Net Profits Tax Question
New Philly resident here with out-of-state rental income. Trying to understand the Net Profits Tax structure and filing and I have a few questions:1) My understanding is that out-of-state rental income is subject to N...
Won Sung
Canada & US Dual Citizen buying in Canada
Hello all. I am a Canada/US dual citizen. My primary residence and job is in the states. I'd like to buy a property in Richmond BC and let my parents live there. They will be paying the mortgage/rent but I need to be...