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Articles by Vasudev Kirs
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question about primary residence
Our primary residence is currently inhabitable due to hail damage. We are looking at a new place to buy but our intent is to go back to our original primary residence after repairs which we dont know how long it will take due to insurance process. My question is, can we purchase a new property as primary residence but then not live there for one year?
Help with LLC, purchasing, HELOC
I purchased an investment property under LLC and maintain its rental income in a business account. I am now at a point of purchasing another property and would like to use the rental income towards down payment. 1. Are there any lenders who can approve mortgage to an LLC? 2. Is it easy to apply for cashout refinance or HELOC if it is under LLC? 3. Does LLC complicate things?
What would you do?
I own two condos - one being used as my primary and the other which is an investment property currently rented. Both of these condos are paid off. I am being paid lumpsum by my tenant and I am out of clues as to what I should be doing with the 1.5 years of rental income that I accumulated. I am interested in buying a small single family house but don't know how to finance.
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