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11 February 2025 | 29 replies
That home was in Milpitas CA.. probably worth about 1 mil today.. but I lived there 2 years sold it made over 50k and I was off to the races.. primary home equity as I look back 50 years of ownership and multiple homes has made me well over 2.5 million in tax free gains.
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30 January 2025 | 4 replies
I am pretty sure you can not do a 1031 and use the proceeds to do anything to a primary residence.
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6 February 2025 | 7 replies
I have my primary property which is a single-family house that I house hack.
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11 February 2025 | 4 replies
Are you looking for a primary property for yourself and house hack?
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27 February 2025 | 9 replies
However, if you provide substantial services—like managing short-term rentals similar to a hotel—then income could be classified as earned income and subject to SE tax.The primary benefit of REPS is the ability to deduct real estate losses against W-2 or other active income, reducing taxable income significantly.
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3 February 2025 | 2 replies
FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.
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20 February 2025 | 8 replies
I used them all as primary homes then moved and rented them out.
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1 February 2025 | 23 replies
Since we will be selling our primary property which we have lived in for 15 years we will not be paying capital gains taxes on it.
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31 January 2025 | 3 replies
And right now, I am going to tear it down in 2025 and build a new house as my primary home.
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15 February 2025 | 14 replies
Is acquiring a new primary residence and renting your current home feasible?