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All Forum Posts by: Min Liang

Min Liang has started 10 posts and replied 21 times.

Post: Primary residence mortgage for retirement

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

@Brandon Croucier

But my wife can move first… does that count?

Post: Primary residence mortgage for retirement

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

@Jon Puente

But my wife can move first… does that count?

Post: Primary residence mortgage for retirement

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

Hello all,

I spoke with a mortgage broker today in regard to purchasing a home in FL for my retirement in approximately 9 months. He had told me that I’m not qualify for primary residence due to me not living within the qualified distance. I told him I will be moving soon or my wife can move in first while I’m finishing up with my job in NYC, he still insists that I do not QUALIFY… any ideas? Suggestions or ways around my situation?

TIA for anyone with their help…🙏

Post: Investment property(co-own with sister) to my primary residence

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

@Mike Dymski

Thanks Mike!

Post: Investment property(co-own with sister) to my primary residence

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

Me & my sister co-own a duplex and I would like to sell it and put the money toward my primary residence(sole ownership). Is it possible?

Post: Mortgage Broker ( Fort Myers, FL)

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

Hi guys!

Does anyone know/have any mortgage broker in Fort Myers FL? I would like to see what options do I have with my quadplex in Fort Myers. Maybe get lower rate... cash out for more property... or just to find network for future purchase in the area.

Thx

Post: Investment property refinancing rate

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

Just wondering... I got my investment properties at 4.5% interest rate... now that the rates went down what is the refinancing rate in Cape Coral, fort Myers in FL be? Any input plz

Post: When do I pay back HELOC interest

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

When do I pay the interest for using HELOC ? As soon as I repay the amount I use? Or after the draw period?

Post: 1040 Schedule E (Supplemental Income and Loss)

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

Thank u guys for taking ur time to answer my question!! N now I know lil more about this game...😊

Post: 1040 Schedule E (Supplemental Income and Loss)

Min LiangPosted
  • Rental Property Investor
  • New York, NY
  • Posts 22
  • Votes 2

Is it true that u can only claim up to $25k on 1040 Schedule E (Supplemental Income and Loss)??