Huy Nguyen
Gift of equity
26 August 2024 | 5 replies
Also, if you pay your parents any profit for the property, if it is their primary residence, I believe that a married couple has up to $500,000 exemption on profit from a primary residence, I'm not 100% sure on that, but you can search for that pretty quick.If you are looking for any loans, please let me know.
Hardy Davis
How to turn equity into cashflow.
27 August 2024 | 10 replies
If you lived in your primary residence for the last 2 years of 5 years, you're eligible to sell it and pay no taxes on the first $250K for a single person or $500K for a married couple.
Hawke Morgan
My first investment
2 September 2024 | 1 reply
The price is right, the property is near enough to allow me to be a hands-on How did you find this deal and how did you negotiate it?
Kyle Kurt Gabriel Smith
PhD Scientist/Builder looking to connect with the BiggerPockets community!
1 September 2024 | 8 replies
The site timed me out and I would have to sign up with the Realty company.
Mei Zhu
affordable tricks for renovation
1 September 2024 | 8 replies
For example, someone told me I can get cabinets replaced by going to Lowes and they will install them cheaper?
Account Closed
Anyone have experience with REI HUB?
2 September 2024 | 8 replies
That's all it took to convince me that it was just what I wanted.
Claudio Salvatorelli
Does anyone know about STR's regulations in Oceanside?
26 August 2024 | 4 replies
Specifically, does the regulation still apply if I am the host and reside adjacent to the rental property?
Jake Vayda
BRRRR Exit Strategy Advice Needed for San Diego Property
1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
Tim Silvers
Buyer's agent requested CLUE report for flip property
1 September 2024 | 1 reply
That will take a couple weeks and delay the close.Should I find another agent to pull one for me quicker?
Cody Sims
Family Selling Ranch - How to avoid paying taxes on capital gains?
26 August 2024 | 6 replies
Shoot me an email if you have any follow-up questions.