The exclusion amount is $250,000 for unmarried homeowners.Americans who own two homes frequently sell one and live in the other for two additional years to claim the benefit twice, which is permissible.The proposal adopted today would let only a portion of the profit on a vacation home be excluded from tax, depending on how long the property has been owned rather than lived in.For example, if a married couple owned a vacation home for eight years, then lived in it for two years before selling, only 20 percent of their profit would be eligible for the capital- gains exclusion.Last Updated: October 4, 2007 19:53 EDTSource: Bloomberg News

Wifee is originally from Cincinnati and we both visit frequently for family.

Yes, he has more flexibility when it comes to refinancing or drawing on a line of credit but those are not typically things that are done on a frequent basis and if he foresees the need to do one of these anytime soon, I would suggest that he got in over his head to begin with.Anyway - just a little different angle to look at things.

Josh, I am sure there are a lot of people like myself who may not post frequently, but do read the posts regularly--keeping your server very busy.

There are frequently times when a deal only makes sense to me if I don't incur transaction costs and can carry using the seller's financing.

However, be aware that if you own low income rentals, you will be frequently called a "slumlord".

There is a couple of blogs that are group efforts so you get someone from the group posting on a very frequent basis.

Although I don't mind spending some money to get good information, and I definitely intend on frequenting this site and reading as much as I can, I would love some recommendations.

Try advertising on Realtor.org or any other site where agents go to frequently.

I read here frequently...etc I just don't feel comfortable diving in just yet.