However, in my experience, those who rely exclusively on this strategy can face significant challenges.

Future gains on the investment portion may be deferred with another 1031 exchange, while gains on the primary residence may qualify for the $250k/$500k exclusion if residency requirements are met.This post does not create a CPA-Client relationship.

Not quite all of them because I found that if there's a holiday sale on Wayfair or other sites, that discount is better than through Minoan.

I am really inspired by people who a take something that 95% of other investors would pass on and make it work exclusively for them through sheer will and creativity even with bad market conditions.

.- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?

Happy Holidays!

While fees are pretty similar between custodians, read the fee schedules carefully as there are sometimes others fees charged that aren't readily discernible.Good luck and happy holidays!

All my peers and clients who previously bought tax sale properties moved away from the strategy a number of years ago so I don't have any recent experiences to go off of,  but wouldn't be surprised if the lead time is longer this time of year due to the holidays. 

You could also offer to cover part of their tax liability through negotiation or encourage them to convert the property into their primary residence to use the IRS exclusion for up to $250K/$500K in gains.

.: My wife and I are considering getting a home closer to her family to stay in for extended periods and holidays.