The requirement for the Section 121 exclusion of capital gains on the sale of a primary residence is indeed based on exact dates, not just the calendar year.

You came to the best possible place to grow your network and knowledge base before your first property.I'd recommend checking out local meetups, BP webinars, and BP books.

I am a CA based investor who's been working with a realtor in Memphis and looking at BRRRR opportunities, but have also considered turn-key options as well. 

Those fees are based on the whole price of the property so selling property with 20% equity can shrink down to 10-15% equity pretty quickly which means you lose between 1/4 and 1/2 of what you made. 

Hi @Lisa Zoubi, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

Underwriting is primarily based off of the property not the borrower. 

When we first connect with every investor, we clearly stress that they should always overestimate their expenses and underestimate their income.We don't include expenses that are variable like vacancy, repairs and capex.We offer a suggestion on what they could be based on the past but we plead with everyone to underestimate their income and overestimate their expenses.Thanks again

Based on the above projections I receive, I then "run the numbers" to see where I project to end up each month.

I have worked with many buyers who are part of these kind of programs and I can tell you that the deals that they try to make work are far off based on today's market.

Regulations may vary depending on the neighborhood, so research is crucial.