Wendy S.
Converting from a rental property to primary home,
So I understand I can't get a primary loan then rent the property, without living there for 1yr, but what about the other way around? If I purchased as an investment property, but wanted to make it a primary within 3...
Joe Splitrock
Surprise! 10 Mortgage Limit Includes a HELOC With Balance
I have been aware of the 10 mortgage limit on conventional financing as we moved towards it. We have 9 currently and one HELOC on our personal residence (no mortgage on residence). I previously understood that the 10 ...
Keith L.
How should i introduce myself as the the owner
Hello BP I would appreciate some advice. I close on my first 6 unit tomorrow. I've went back and forth with deciding should i hire a property manager or self perform. I chose the latter for a few reasons. The proper...
Amber C.
Age of multifamily apartment building
When you look at multifamily building, how to use “Built in ____” information?Is there any rule apply to this?- Building older than certain number value less?- Cap rate will be different when exit?
Dave Poeppelmeier
Eviction Moratorium Extension
Hi everyone, in case you haven't heard, and judging by the attendance you haven't (Sorry, couldn't resist the Major League quote there), the Federal Eviction Moratorium has been extended through June. With that being ...
Elizabeth Chang
Concurrent Closing with HELOC to fund partial downpayment?
Hi all! I am based in NYC and looking to purchase a primary residence Condo in Manhattan. Has anyone successfully done a purchase with 20% down, 80% financing where the buyer only puts down 10% cash, the other 10% is ...
Jesse Stemle
How can I avoid paying capital gains tax on my live-in flip?
Hey Everyone!I bought an old beat up house just outside of Louisville, KY in August 2019 for $120,000 with the intentions of fixing it up while living there as I am just out of college and was looking for a place to l...
Michael Montana
Cash Out Refinance or Not
Backstory: We purchased our primary residence 3 years ago and now have about 100k in equity thanks to the current real estate market. And with the low interest rates, we are going to refinance our house. We currently ...
Tania Saldana
How to invest in properties in Mexico
I have run into what I think is a great investment but the property is in Mexico. Does anyone know if it is possible or what the process is to get a commercial loan for a property there? Any advice is appreciated, tha...
Al Kirk
Separating Mobile Homes from Land
I am purchasing a 12 lot MHP and the park owns the mobile homes attached. I want to get advice on how to go about separating the mobile homes from the lots at close. Ideally, I would have the mobile homes owned by an ...