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Results (10,000+)
Tyler Speelman Convert STR to primary to avoid depreciation recapture?
25 September 2024 | 10 replies
@Tyler Speelman There's no issue if you want to convert your STR into your primary residence and live in it for those two years. you would qualify for a 121 exclusion which allows you to take the first $250k ($500k If married) of the gain tax free. 
Michael Plaks The so-called "STR loophole" - hype or real?
23 September 2024 | 19 replies
I will only mention two critical points:- People with regular full-time W2 jobs cannot qualify for REPS (unless their no-W2 spouses can qualify)- REPS has nothing to do with STRs, and vice versa3.
John Friendas 2nd Property Quadplex
24 September 2024 | 2 replies
If you're doing a 2nd mortgage on your primary residence to get the cash for down payment on the new Quad, then you're looking at needing to qualify with DTI unless you find a lender who is a DSCR lender and not a traditional conventional loan lender.  
Ben Carpenter Live-in then Rent
24 September 2024 | 1 reply
Since you are an active service member the IRS will allow you to have lived in the property for two out of the previous ten years of owning it. you'd just want to verify with your accountant that you qualify for these extensions.Since you converted the property to investment, you may also take advantage of doing a 1031 exchange when you sell.
Becca F. San Francisco Bay Area/NorCal Investors - let's help out our CA friends
27 September 2024 | 16 replies
I been watching some videos where the get a 5% down with FHA loan but I don't think I would qualify.
Tomas Nuno Is it possible to house hack with you partner?
23 September 2024 | 21 replies
This might be a dumb question but would it be possible to use my significant other as my "roommate" to qualify for a house hack?
Nick O. STR Cost Seg/Bonus Depreciation Buying with Partner & other non-RE related income ?'s
23 September 2024 | 14 replies
There are multiple ways to qualify for "material participation" but this would help to keep someone else under 100 hours. 
Ray Detwiler Transfer of home to LLC and future vulnerability/liability
27 September 2024 | 11 replies
After that it’s best to transfer the property to an Ohio tax deduction qualifying entity.
William Coet Syndications: General Partner vs. Limited Partner
24 September 2024 | 5 replies
Legally, the GPs take on the liability of the project including things like signing on and qualifying for loans.
Zach Sikes Subject to in Oklahoma
24 September 2024 | 7 replies
Do you mean you go to the bank then they qualify you for the loan and approve the transfer?