All Forum Posts by: Natasha Onochie

thank you @Brandon Sturgill

@Brandon Sturgill yes on my primary residence

Hi All, looking for some information on tax laws, as well as any guidance on how to protect the proceeds from the sale of my home from being eaten up by the IRS. Looking to use the proceeds to get into an REI deal (s), but haven't identified any specific deals as of yet.

Thanks in advance! 

Thank you everyone for your feed back! @James McCard your experience was helpful. We bought at $230k, did some upgrades and the house then appraised at $330k. We've owned it 5 years now and if we were to sell we'd list at $385 based upon neighborhood comps. 

Again thank you everyone for your feedback.

My name is Natasha and husband and I have a lot of equity in our primary residence (located in MD) and would like to do a cash out re-fi to get rid of the PMI on the loan and jump into the REI game. However, we have yet to actually jump because our credit isn't the strongest and I would like a few more months to get my credit score higher. Curious to hear anyone else's experiences and/or guidance.

We are new to the SLC area, would love to hear from folks in the market.