Doris Jin Huang
Can you 1031 exchange a Co-op apartment in New York
We have a Co-op apartment that used to be our primary residence but now being kept as a rental. We are debating whether to sell it now to take advantage of the 2-out-of-5-year rule on capital gain tax exclusion, or to...
Anderson Morgan
First Flip Near Complete. Need Advice
I purchased a single family home 1 year ago in July 2015 for 64k with a 15 year mortgage. I originally was just intending on fixing it up for my girlfriend and myself to live in and have a cheap monthly payment, but ...
Jacky Fan
Cash-Out Refi or Selling
Looking for advice on what I should do with my current home as I look for my next primary residence. I currently do not have enough down payment.
Sell the current house (current mortgage at 3%) and use the ...
Jesse Kleiber
Are there Benefits to HELOC on Primary vs Rental Properties?
Hi all,Feel like I have this one kind of sorted out but I just wanted to run it by some people who may know better than myself.The plan is to pull out a HELOC to help subsidize a downpayment on my next rental property...
Dina Harleth
Should financial advisors be knowledgable about buying/selling RE and tax implications?
I have a financal advisor on retainer for "asset management" but am trying to figure out what to do with my primary residence. I'm somewhat interested in real estate investing and may want to do a 1031 exchange (a...
Michael Emmanuel
Can I get a conventional loan and FHA loan at the same time?
I just got an approval letter for a conventional loan for only 3% down. I didn't know that there was a thing for 3% down payment conventional loan.
Now that I have enough saved to buy 2 houses with 3% down, I wanna b...
Micah Jackson
Should I leverage my equity and add to the portfolio?
I have two STR properties in the Gatlinburg area. Currently owe $13,000.00 on cabin #1 and $235,000.00 on cabin #2. Each cabin would currently appraise between $900,000 and $950,000. I am trying to decide if I shou...
Nicole Heasley Beitenman
Question regarding FHA and residency requirement
I got into a discussion with my father recently about FHA loans and the requirement that you live in the home the majority of the year. We had a bit of a debate about whether or not the bank could do anything if they ...
Stephen Hollenberg
Where can I find $250,000 for a down payment?
I'm under contract to buy a 6 unit, mixed-use property with seller financing. The seller will provide $700,000 of the $945,000 required. They are giving me 45 days to show proof of funds for the $245,000 so I need to ...
Nicholas Baughman
Cash out refi to purchase multi family investment
My wife and I bought a home in Clairemont (San Diego) back in 2011 for $330,000. Now it's probably worth close to $550-600k. I'm trying to get my foot in the door to invest in real estate. The option I have now is pul...