Robert Mendenhall
What kind of numbers are you looking for in owner occupied duplex?
Hello BP,Im looking to buy my first property. I want to house hack a duplex but with prices so high what are you looking for? Are there any good rules of thumb to try and stick to?
Account Closed
FHA Season Period Question
Hello....My husband and I are looking to secure an FHA loan for a property in Texas (Dallas). We live in LA. This is our first FHA loan. I'm not sure if we can live there yet or not. If his sister were to live there ...
Brian Moss
Closing a New Home Purchase!
I am in process of closing on a new home which the builder is currently building. Expected closing is mid-August’21. The builder has their own mortgage co. with whom I would get about 3% incentive towards loan closing...
Mike Ferguson
Time between mortgages
When taking out a conventional mortgage or refinancing, how much does elapsed time affect credit worthiness on your next loan? For instance, you refinance a property, what would a lender consider a sufficient cooling ...
Pavan Sandhu
primary residence to mixed use building
hello all- Tax question.Can someone who purchased their home w/ FHA financing sell 6 months later and roll profits into a 1031 exchange in order to reduce tax thresholds? or would you recommend a better strategy? Prim...
John Smithy
Mortgage interest tax
Hello, We live in silicon valley where home prices have soared like crazy !!We recently closed our new home with an outstanding loan amount of $1.4MOur current home has an outstanding loan of $450K. We plan to rent it...
Ray M.
Overpay for Grandma's house to save on Taxes??
Is it possible to overpay for Grandma's house and have her gift the difference back to me?For example: Say the house is worth 100k, I pay 150k cash for the house with a plan to fix it up and flip it in a few years. Gr...
Ethan Board
Bought my first rental, how can I buy another
Hello all, I’m brand new to all of this. Just closed on a duplex and living in one side and renting another. I had someone borrow me 20k for a down payment on a 100k property and paid them back with equity I had by se...
Mary Chen
Buying a home partially using 1031 money from parents
I'm just not sure what's the best way to do this. So looking for any clever strategies. My parents have an investment home in a different state that they're just been looking to get out of because it's no longer easy ...
Jennifer Spradling
Can you trade houses?
I own outright a SFR that appraised for $250,000. I want to purchase a house listed at $230,000 (to become my primary residence). Would there be negative tax implications to offer a property swap in this situation ass...