Today, because of inflation, a $250,000 or $500,000 gains of much more than $250,000 or $500,000 are not uncommon, so many people go over, especially in higher-priced markets.”Take the Tests to See if You Qualify for ExclusionsTo qualify for the exclusions, you must satisfy tests that you’ve lived in your house for at least two of the last five years and have owned it for at least two of the last five years, says Jack McGuff IV, owner of McGuff Financial, based in Pearland, Texas.

Some hard money lenders want to see a bank statement and will ask for a letter of explanation if they see a large deposit, others wont need to see a bank statement at all, in fact we would only need a stated personal financial statement.

after I closed my last (and biggest) deal of my career I realized the financial docs were off by 64%.

Yes, she won, but the toll it took on her emotionally and financially was, in her own words, devastating and not worth it.

Same thing I put two of my buddies together so we each has about 12k in cash into it and we each got what 700k back.. we had basically zero basis so we each 1031 into some other assets.

Budget cuts have been hitting Sec 8 for years, allocations are of course based on budgets, this area has not had any new voucher authorizations for years, as others come into the area they bring their voucher with them and is then adjusted to local markets, you also lose those moving away.As pointed out by our new member, welcome BTW, there can be differences in operational administration, not to financial limitations or authorizations.

For the record, I own two homes (I paid cash for the both).Of course there are several financial factors that are involved when making a decision like this.

If you can find a distressed owner and if it makes financial sense to take on their burden that can be a very good way to find a deal.Keep in mind that you may need to solve a multitude of different issues to make deals like this.

Consider this scenario; SMFL, a Japan based entity under the Sumitomo Mitsui Financial Group, Inc.

21213 fluctuates for asset quality.