I called up a regional bank to inquire, but was told they can't do a HELOC on rental property, only a primary residence or summer home.Is that true for all banks or is it dependent on the bank?

I am asking because I live in Los Angeles, I am planning to start investing in passive income-producing real estate, but I would like to be able to use an FHA loan down the road for my primary residence here in CA.Any help... answers, comments, suggestions... will be highly appreciated.Andrés

Hi Tom,So in your case you are not house hacking to secure the favorable financing that you could get by living in one of the  units and therefore obtaining a purchase money loan for your primary residence since your are buying all-cash.

He assisted me with my refi on my primary residence and now working on a construction loan for a investment property.

Make sure you run the numbers for what new construction residences are going for, and subtract out construction costs, cost to install utilities, developer profit, etc, and you can get an idea of what a developer would pay for the lots. 

The link below has a link to the City's info bulletin about these plan requirements.https://www.sandiego.gov/sites/default/files/dsdib...The City doesn't provide water/sewer or any ROW improvements for residents unless it is due to a failure or damage.

I have 9 single family rentals, plus my primary residence, and I have solid W2 income.

Hey guys my name is Billy Ip reside In san antonio.

HELOC name mostly related to loan related to your primary or second residence. 

I believe it is an exemption as far as reassessment goes but then my follow up question is -- when the original owner now sells his/her primary residence with the RDP on title is the capital gains exclusion still $250K or does it bump up to $500K, or is that only for married couples?