Weigh the long-term benefits of the low mortgage rate you have versus selling and getting $500k from a sale exempt from capital gains tax.

Are there limits to the “look back” for primary home exemption?

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

Moreover, the property must be held for at least five years before selling to gain tax exemption. 

Your personal loan has a 5 year balloon period.  

Does that qualify for a home office tax exemption?

It sounds like this is their personal residence.

Many banks limit personal loan amounts.

Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties. We are trying to not use our retirement funds. Are there any strategies...

Personally see these laws sweeping the nation..