Prior to 1 year they will only use the most recent purchase price, meaning you would still have to keep 20% in until 1 year.I have heard that some smaller banks will reduce this to 6 months, but I have not found one yet...

You may want to seek the advise of a qualified CPA or other professional prior to investing this way.Attached are some articles that may be hell on this topic.

Hello all, New here, did some quick searches prior to posting but as i am typing on my lunch break couldn't go too deep into the archives.

In your case, it almost certainly will be the cost.The personal residence capital gains exclusion is $500k married, $250k single, and you can use it if you occupy the property for 2 of the prior 5 years.

And if you can demonstrate successful cash flow on the property prior to your ownership, that might be a good start.

It's a function of Days on Market (DOM), insurability status (meaning whether its condition is good enough to permit FHA financing), and possibly whether a prior offer has fallen through.

They will say you should have researched it prior to acting.

Ask them to review the trust document prior to settlement to remove the exception on BII prior to settlement.

We are fortunate that our painter is licensed and EPA certified and we get the required paperwork prior to work commencing and we also provide the disclosures required by law to the new occupants.

Well, if I were appointed as King, many things would be different, there wouldn't be commercial banks in investment banking, security and banking laws would drop back to prior the Clinton years and securitizing anything that existed on the face of the earth wouldn't necessarily be allowed, such as SFDs.