Bruce Tieu
Design and furnish strategy for non conforming duplex
26 November 2024 | 9 replies
In many cases it is fully legal so long as it is your primary home and you occupy one of the units but definitely make sure you're in compliance before you move forward.
Susan McBride
Need Advise on Leveraging Existing Home to Purchase Another One
25 November 2024 | 11 replies
If you move your primary residence, he will lose yous tax advantage on the investment property.
Sam Desmond
Secondary home with small garage/room rental better than investment property strategy
24 November 2024 | 1 reply
If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.
Brian Bowen
Searching for owner information
25 November 2024 | 3 replies
Then I search the county records by their name to see if I can find their primary residence which is where you can send a letter.
Travis Boyd
New Everett, WA based rental investor with buy and hold strategy
27 November 2024 | 6 replies
I am new to real estate investment and planning to start ramping up long term rental properties in 2025, however my first two primary residences were both converted into MIL's and rented within months after closing which effectively followed the House-Hack tactic (we currently rent our furnished basement to primarily traveling nurses for 3-6 months at a time which covers 70% of our mortgage).
Kathy Diamond
Looking for counties that meet the 1% rule
1 December 2024 | 32 replies
If you don't already have a primary residence, could you buy a property and house hack?
Ramada Evans
Need help w/numbers
5 December 2024 | 48 replies
There are another 20-30 questions I could ask before I could even begin to advise.EDIT - It looks like in Aurora, it needs to be your primary residence if you want to STR the property.https://www.auroragov.org/resi...
Julio Gonzalez
Smart Strategies for Selling Your Investment Property
25 November 2024 | 0 replies
Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.
Luis Ramirez
Seeking Advice: House Hacking with Airbnb and Second Mortgages
26 November 2024 | 1 reply
For investment properties sometimes you can do this if there is a history or using Airdna but never for primary residence purchases.
Burton Boone III
Acquisition in Maine. Leverage question
24 November 2024 | 2 replies
Do you take out a second mortgage on an Airbnb that you never wish to sell that’s almost paid off or do you take out 100 grand against your primary residence.