Are we excluded from paying capital gain for our primary?

So if the house itself excluding land is worth $275,000, you could depreciate $10,000 per year and that is considered an "expense".

Alright, Jay Hinrichs excluded, how do you top contributors do it?...

And many of those other serious investors have spent a pretty penny for real estate education and with you being outwardly negative about it, that might exclude you from certain circles or groups of highly successful investors because 1) they don’t want to be around someone who thinks that they are stupid for spending money on real estate education, and 2) it makes you sound ignorant when you speak to people who are much more successful then you are in real estate when you mention that “most of the REI education is way too expensive for the value it provides” yet they have made millions of dollars off of the money they have spent on such trainings.

This topic as already been covered a few times but as the market changes so do our expectations and profit margin targets.what % net profit margin (taxes excluded) on exit value do you flippers and developers achieve and aim for in the current market on deals above 500k?

So, based on your scenario, if you meet the other requirements of Section 121, yes, you may be able to exclude capital gains of $250,000 if individual or $500,00 if married couple. 

If you move back in and live it in for two years, then you have to prorate the gain into excludable and includeable gain.Not entire gain can be excluded.

That would be a profit of £28k excluding buying and selling costs.

I think it should exclude these sorts of purchases, same as foreclosed purchases. 

@Mindy Jensen Keep in mind that the basis of the land is excluded from the "substantial improvements" requirement.