A single person can exclude $250,000 of profit of the sale of a primary residence from income.  

I you call a place your primary residence for 2 years within a 5 year window, you will not have to pay any capital gains on the profit.

Hello,As these homes are not your primary residences, traditional lenders will not offer HELOC's.

I don’t have a credit score, as I am from Europe and so no fico score. I do invest in US, I have 2 investment properties, cash deals in an LLC. They are cash flowing great:Asset 1 doing 775$Asset 2 doing 1150$Now I wo...

When I was 25 I bought my first primary residence which was a small 2 bedroom condo in the northwest suburbs of Chicago, then once I moved out, I turned it into a rental.

I found a house that I want to buy as our new primary residence.  

Doing this 5 years ago you missed the Dodd-Frank party, but if you reinstate a new contract you will need to comply with the new financing laws unless you have a specific exemption, you may if that home was your residence and you're in the military.You need a Texas attorney!

So we decided to go for it.The property was operated by a mom and pop operator, who had taken great care of the property, but had allowed most of the residents to pay minimal rent.

Always great seeing other CT residents on the forums.

Would like to make a move either way when the first selling peaks hits in 2016. Any advice is appreciated.