![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3151916/small_1734666934-avatar-lorraineh10.jpg?twic=v1/output=image&v=2)
9 December 2024 | 38 replies
. :) I dont really use the high limits really except on my primary business card.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2736179/small_1736557320-avatar-brianb1226.jpg?twic=v1/output=image&v=2)
25 November 2024 | 3 replies
Then I search the county records by their name to see if I can find their primary residence which is where you can send a letter.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3134716/small_1729000522-avatar-samd306.jpg?twic=v1/output=image&v=2)
24 November 2024 | 1 reply
If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2499859/small_1694619865-avatar-luisr357.jpg?twic=v1/output=image&v=2)
26 November 2024 | 1 reply
For investment properties sometimes you can do this if there is a history or using Airdna but never for primary residence purchases.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/9011/small_1621348727-avatar-jgonzalez.jpg?twic=v1/output=image&v=2)
25 November 2024 | 0 replies
Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/612009/small_1704738454-avatar-saadd.jpg?twic=v1/output=image&v=2)
20 November 2024 | 18 replies
.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.
24 November 2024 | 2 replies
Do you take out a second mortgage on an Airbnb that you never wish to sell that’s almost paid off or do you take out 100 grand against your primary residence.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3061581/small_1719520690-avatar-mahenderb.jpg?twic=v1/output=image&v=2)
4 December 2024 | 18 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1834554/small_1737422456-avatar-chrisp603.jpg?twic=v1/output=image&v=2)
25 November 2024 | 7 replies
I have a primary residences that is in a great area that I’m looking to rent out within the next year or two.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3150429/small_1732637168-avatar-matthews1470.jpg?twic=v1/output=image&v=2)
26 November 2024 | 2 replies
Since it was going to be my primary home, I used 5% down, conventional financing.How did you add value to the deal?