The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.

"Right to Rely on Instructions; Exceptions.Qualified Intermediary may act in reliance upon any instruction, instrument or signature it reasonably believes to be genuine from Exchanger, its officers, attorneys and other representatives, and Qualified Intermediary may assume that the person giving the instruction, instrument or signature is authorized to do so.

For example, the “Home Sale Exclusion Gain” (IRS Section 121) lets you exclude up to $500,000 in profits if you are married filing jointly and $250,000 if you are single.The post originally appeared on the BiggerPockets blog.

Joint Ventures (JVs): Partner with other real estate developers, construction companies, or financial backers to co-develop projects.

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

Private lenders for sure and also joint ventures with other investors to pool money and  resources

Yes, as long as you're filing jointly, you can combine the time and activities both you and your wife spend managing the rentals to meet the material participation requirements.

If you have a  solid reserve and lose  a bit of money (like about 2000)  still it would be worth to get the experience and  network with first flip.. or first flip see if you can do a  joint venture with a successful and very experienced investor or flipper

😁 Ty Coutts🧠 My area of expertise is creative financing and long-term real estate advising🙌 Looking forward to genuine conversations, gaining and sharing wisdom, hanging out with my wife by the pool 🤝 If I could make a great connection with someone looking to achieve generational wealth through real estate at BPCON2024 then I would leave BPCON happy🗓️ Can't wait for the Real Estate Partnerships: Tips for Investing in Real Estate with a Spouse, Relative, or a Business Partner

Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!