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. 

too funny your saying the absolute opposite as I am saying how can you not understand .I would NEVER make a loan and let a current lien stay on title and make the loan in second postion.Very simple my escrow instructions go in and say that title company can only fund when they can put me in first position and any liens or judgements must be removed from title.. simple as that.

Say the CTA was to visit a website and fill out a form... 

@Andrew Butler, You do realize that you must be an unrelated 3rd party to all those clients who want you to do their exchanges?   

Hey KC community! My partner and I will be in KC this Thursday Apr 26 thru May 01 and looking to meet likeminded investors during our downtime from looking at 4 plexes and apartments. We have a bit of experience inves...

All transactions involving IRA must be "arms length".

Los Angeles would be my most preferred destination because who doesn’t love California?

Must there be a living room in which case they would be 3 bedroom?

You take on the lease when you buy the property and you must see it through until the end of the terms, unless they are breaking the lease in some way.

My mother lives in the Philippines so I have to visit every now and then.