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8 December 2024 | 26 replies
A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.
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8 December 2024 | 10 replies
Primary residence loans are less risky than investment property loans, which is why they have more favorable terms than investment property loans.
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6 December 2024 | 6 replies
We have a member of our team called the "Resident Success Coordinator" whose job is solely this. 2) Flat-rate management- We are not a percentage-based company.
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6 December 2024 | 7 replies
I am finding that most credit unions will only do helocs on primary residence.
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7 December 2024 | 2 replies
Investment Info:Single-family residence buy & hold investment in Crowley.
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7 December 2024 | 0 replies
Investment Info:Single-family residence fix & flip investment.
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7 December 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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5 December 2024 | 13 replies
And once you convert it into your primary residence it is no longer eligible for a 1031 exchange.
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11 December 2024 | 13 replies
I am moving out of a home that was my primary residence, and it is becoming a rental. the mortgage is currently in my name.
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9 December 2024 | 8 replies
Hello everyone im a newby, this is my second investment property.I’m using a heloc from my primary residence to buy an investment property for $145k and I’ll use my own cash for the $15k in renovations.