Home went to tax sale county kept excess proceeds.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

@Tyler Speelman, A 1031 exchange solves the tax issue. 

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

I am a hard money lender and need advise if an unsecured loan I made through the Solo 401k defaults and is uncollectible are there tax write-offs as a result of the uncollected loan?

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.