Your principal residence is the place where you (and your spouse if you're filing jointly and claiming the $500,000 exclusion for couples) live.You can only have one principal residence at a time.

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 househack, you can use conventional and the rules that I mentioned above will not be a concern.

You also have sellers who are financially less literate and make knee-jerk decisions.To your point, off-market deals in B and C neighborhoods are often overpriced, because the owner felt that their house is worth more than what the 5 agents they asked for an opinion told them.

Beyond what is right and wrong, is what is most likely to occur..my forecast is based on an initial knee jerk reaction and subject to evolve..My prediction is that buyer(s) will still want (and need) to be represented, but likely at a lower average cost. 

In the context of rental properties, if you incur a net loss in a tax year, you can use that loss to offset other income you may have in that year, and if the loss exceeds your total income, you can carry the remaining loss forward to offset income in future years.The Tax Cuts and Jobs Act (TCJA) limits the deduction of net business losses for individuals, estates, and trusts to $250,000 ($500,000 for married filing jointly) for tax years 2018 through 2025.

Person A would need to stay on the lease and be jointly liable for the rent unless they would like to pay to terminate the lease entirely (if you have a lease termination option. 

[Joint Center for Housing Studies]Mortgage rates are back near 7%.

Whoever coached you into that when you bought it steered you wrong, and now 4 years later you are seeing how it's problematic when it comes to an exit or refinance.Without the LLC, if you were on title jointly, even with the loan just in your partner's name, you could have just done a cash out refinance into your name, without the hassle of a purchase transaction and down payment.As it stands now, assuming you are 50/50 owner of the LLC and not a majority owner, the only way to do this is a purchase transaction to buy the property from the LLC.

Hello, I had a tax question -- my partner and I bought a primary residence last year -- we are not married therefore, are filing taxes separately.  In filing taxes, there is a how much mortage are you "responsible for...

I'm also quite knowledgeable about real estate investing through YouTube, although I understand that it can be like Googling why your knee hurts - there's a lot of information out there, and it's not all reliable.