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16 January 2025 | 20 replies
I was preapproved with that amount before, but it was for a single family, primary residence about six months ago.
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3 February 2025 | 11 replies
I spent 5 years buying 5 primaries and 5 rentals.
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26 January 2025 | 3 replies
They will be your BOG (boots on the ground) to be able to view the property.I will say that I did buy my current primary residence abroad and it wasn't fairly complicated, I would just do some things differently than I had initially anticipated if that makes sense.
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7 February 2025 | 2 replies
I have two questions regarding mortgage interest tax deductions.First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment.
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26 January 2025 | 2 replies
Property taxes and insurance costs are best obtained through local county websites or reaching out to insurers directly for quotes specific to the area.Tools like BP Pro and Reventure can be helpful for an overview, but it’s a good idea to validate their data against primary sources to ensure accuracy.
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31 January 2025 | 2 replies
Income taxes- if needed can you use your 2 year primary residence deduction if a taxable event occurs.13. 1031- if any part of the insurance claim is a taxable event is there some way to do a 1031 with lenient time frame adjustments?
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22 January 2025 | 16 replies
I’ve seen cases where multiple tenants in a household had prior evictions from different addresses, taking turns as the primary leaseholder to avoid detection.
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22 January 2025 | 1 reply
If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.
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6 February 2025 | 19 replies
That being said, I had competing issues. 1) my wife and I are buying a new primary residence (much to my chagrin), and 2) in december, we bought a condo rental that is currently being renovated (a much lighter project) and that process is also a little stressful.
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16 January 2025 | 2 replies
They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.