However, the years 2012-2014 are a period of nonqualified use since the home was not principal residence during those yearsPeriod of nonqualified use3 yearsTotal ownership period6 yearsTotal gain($350,000 − $200,000)$150,000Nonexcludable gain(3/6 × $150,000)75,000You must report a $75,000 gain for non-qualified use.The remaining $75,000 ($150,000 − $75,000) of gain can be excluded under 500k exclusion because you meet the two-year ownership and use tests for the home and has not excluded another gain in the previous two years. 

When I was 20 years old I had no direction, dropped out of college and joined the Army.

A couple of other 'side benefits of hold in retirement accounts are that in general those accounts are more protected in bankruptcy or lawsuit cases, and if a person has college aged kids assets in retirement accounts are not counted towards financial aid calculations in many cases (but not all). 

Problem is finding a licensed contractor who won't nit pick and/or bad mouth the previous contractor because you didn't use a licensed guy in the first place.

I am new to Real Estate Investing and currently own one single family rental in Colorado Springs which was previously my primary residence while stationed in Colorado.

We recently just pulled out of one where the inspection came back as a disaster.Part of me just wants to get started on something but I'm not sure if I should pull the trigger or not.ARV 105-110kAsking 65k, originally thought we had it for 61k but apparently the seller never agreed on it and countered with 63k.Closing costs will be around 2k.A previous contractor estimated costs to be 28-30k but my agent [who has a good handle on the market] thinks we can do it between 20-25k.Rent right now is $900 and been increasing.So.

I'm currently working on my real estate license and will be moving home (from ellensburg, my college town) to Puyallup, WA to start my real estate career in September once I have enough money to support myself.

Dear Memphians,My name is Ned Roche and I am currently in college pursuing my bachelors degree.

One thing I'll add is that for your next participant loan, the amount you can borrow will be reduced by the highest outstanding loan balance in the previous 12 month period.

Hi everyone, my name is Desiree and i'm a senior in college right now.