Stephenson,I understand your premise, and although the situation is ripe for abuse I can understand the value of a quick sale.

Do you own your primary residence?

Code § 267(b) or 707(b) if the primary purpose of the transaction is tax avoidance.

@Robert Ellis-Multifamily and Built to Rent-Minimum 100 Units - Maximum 450 Units-Markets: Dallas Fort Worth, NW Arkansas, South Dakota, Kansas City, South Carolina and a few others-A & B Class (C Class only in main markets and must be priced very well)- Primary focus: Straight from developer / merchant builder

Not able to move (at least for a while) due to my job.Looking to use savings that would’ve been for a primary residence down payment to invest in rental property out of state.Would love to make connections, hear thoughts on good markets to look into, strategies to maximize return, etc. 

Hey again @Jerome Boudreaux Those phrases are both generally true (assuming you meet other qualifications), but the big requirements to me is the property must be your primary residence (small MF are eligible) and you don't have to have PMI.

Georgia Amendment 1, which authorizes the General Assembly to implement a statewide homestead property tax exemption, has far-reaching implications for both current homeowners and the broader real estate market.Short-Term Positive Impacts for HomeownersThe primary benefit of Amendment 1 is the cap it places on the annual increase in a home’s assessed value, limiting it to the statewide inflation rate.

This is why househacking is so powerful when youre getting started - for primary residence loans, 3-5% down is very normal.

I have a single family house (primary residence) and am wondering the pros and cons of selling to a builder?

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Hey Keith, I've helped other clients do this sort of thing - vacating a primary residence and then pull out cash to purchase another property elsewhere.