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11 November 2024 | 6 replies
It will take a long time to get anything close to what you'd save on taxes selling it before your primary residence exemption is up.
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12 November 2024 | 2 replies
. - Long term residential rentals: Primary interest to start building.
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21 November 2024 | 39 replies
They have told me that the primary reason they do this, is to prevent their tenants from purposely trying to sue them.
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13 November 2024 | 34 replies
I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.
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4 November 2024 | 10 replies
Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.
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14 November 2024 | 13 replies
Do you own a primary?
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12 November 2024 | 1 reply
It is typically your primary job.The 40 hr/week W-2 worker is going to have a hard time convincing an IRS agent they are meeting this threshold.STR loophole is a better path for my friends in this category.Once you finally cross the pro hurdle, you're not done!
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8 November 2024 | 14 replies
If you ever want to bounce ideas off someone who's been around the block a few times, feel free to give me a shout.Pat and JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC
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11 November 2024 | 9 replies
@Valentina Manzati Because financing an investment purchase is going to require at least 15% down, you're going to need to focus on a property that you can call your primary residence, meaning a 1-4 unit home you live in while renting out some of it, or a 1-4 unit home you live in for a year and then convert it to a rental.
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11 November 2024 | 4 replies
The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.