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27 November 2024 | 7 replies
You may run into issues trying to take a HELOC out on an investment property, and even if you can I doubt you'd want to use it for a down payment for a primary because the rates are much higher.What kind of cash flow would you be generating from your multi once you move out?
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28 November 2024 | 2 replies
The unfortunate thing here is that investment properties foreclose at a higher rate than primary homes so many banks just don't want the exposure to this.
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25 November 2024 | 7 replies
If your credit is pulled for any reason, you will have to complete a letter of explanation and possibly provide more documents to show that no new debt was incurred.
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29 November 2024 | 7 replies
We have LG models in our primary home and they are also pretty great.I would not get a washer smaller than 4.5 cubic feet and the matching dryer which is usually 7 cubic feet.
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6 December 2024 | 36 replies
We are based in Alaska and have 2 primary airlines: Delta and Alaska.
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20 November 2024 | 3 replies
Using some equity in the HELOC to purchase a new primary and to rent out the home we are currently living in.
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19 November 2024 | 10 replies
Depending on the built in gain and how long you've lived there, you should be able to sell your current primary tax-free and roll any gains from that into your new primary residence, that is IRC section 121.Is there a set amount of time before you can move into the rental as your primary?
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26 November 2024 | 3 replies
The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.
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27 November 2024 | 22 replies
I am a busy man, sometimes more than others, as we all are.I come in here to help others when I can.I make no money from this-and making money is my primary focus.That and handling the responsibilities and time consuming tasks that go with it.I also lead a very comfortable life full of friends and business acquaintances that take up a great deal of my time.
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28 November 2024 | 2 replies
Lots of options for making espresso drinks.We have had a Breville in our primary home for over 10 years with zero issues.