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All Forum Posts by: Albert C.

Albert C. has started 3 posts and replied 6 times.

Post: Looking for a realtor to sell Baja California, Mexico home.

Albert C.Posted
  • San Diego, CA
  • Posts 6
  • Votes 0
Looking for a realtor to sell Baja California, Mexico home.

Post: Looking for a realtor to sell Baja California, Mexico home.

Albert C.Posted
  • San Diego, CA
  • Posts 6
  • Votes 0

Looking for a realtor to sell Baja California, Mexico home.

Great info! Thanks Andrew.  

I have lived in my personal residence for over 5 years.  I'm looking to convert it into a rental (I have yet to confirm the loan documents allow this so as to keep owner occupied financing).  When applying for a loan for the new primary residence, do I need to show I can pay both mortgages? At what point will the lender take into account rental income from the to be rental?  Are there any other consideration? Thanks!

Thank you Logan Allec and Michael Plaks for your responses.  

Is one able to move out of a primary house, turn it into a rental, then eventually move back in and make it a primary residence again?  Can you do all this and still qualify for the primary home capital gain exclusion?