:D More info: "According to the IRS, if a debt is canceled, forgiven or discharged, you must include the canceled amount in your gross income and pay taxes on that income unless you qualify for an exclusion or exception.

Especially where you purchased cash, a lot of times they exclude those because they are not true apples to apples (Boise is seeing these exclusions on the other side because house prices are so blown up with Californicated money flowing in that if a bank had to sell the place a year from now that they would never be able to get purchasers who need bank funding).

Assuming not too much appreciation, if they decide to sell, in a couple years..they could buy another primary home and tax wise no issue as long as they bought equal or greater value...or if they sold and didn’t purchase, as of now, the 500K tax gain exclusion would cover any gain.My question..when I gift to them, through quit claim, do they refinance the property, as owner occupied...the loan is paid off and they have the new loan in their name and I am off title.What do they/I need to do to make this happen loan/title wise.Thanks for the time.

I am good friends with a several experts on exclusively VA loans as well as a gentleman that severed on a panel in 2008 that went after pretitory VA lenders.

It's not exclusive to military and has a lot of new and current investors that come out.

I'm an agent and work exclusively with out of state buyers.

I work in the middle of the valley as a mailman and would prefer not to have to deal with LA traffic so I would love to stay in the valley but don't know if I can find a good deal here in the valleyAnthony,I'm a realtor who works exclusively with people looking to house hack, so lemme give you some pointers!

Now when I read the IRS guidelines about personal residence exclusion, Im seeing that as long as you owned 2 of last 5 years you can get up to 500k exclusion if you are married which she is.

I was fine signing exclusives as a client, a lot of people don’t like to do that but it lets an agent know you’re committed to them and not going to cut them out of a deal or anything, so they’ll be more likely to provide guidance if they have that commitment.

Do you have pointers to any websites that indicate the exclusion?