John N.
LLC partnership, ROI for each person?
I’ll try to keep it simple and straight to the point.
My mother has owned several rental properties for more than 20 years and I’ve always wanted to use her as a mentor.
We’re working on a deal to create an LLC p...
Lucero Sanchez
We sold our primary residence to move to a better primary residence will I need to pay taxes on the profit?
In 2012 we purchased our primary residence for $60k it was a short sale and we bought it with out any loans, a year in a half later we found a larger home in a nicer area also a short sale for $157k, by that time o...
Ashley Tarver
1031 like kind exchange requirements
Hello! I have a single-family home that is my primary residence. Would i be able to avoid capital gains by selling it, then using a 1031 exchange to buy a multi family unit that i plan to also occupy? Also, this has ...
Jonathan Breton
Which to pay off faster? Primary or Rental
There is often a question on whether to pay off mortgages or not, but I would like to propose a different scenario.If you have a little extra cash to pay per month (equal to one extra payment per year), would you pay ...
Jim Mac
Investment vs Primary Residence Financing and 121 Exclusion
Hello, great forum- thanks in advance for your reply. I have two homes in two different cities California. One is a second home where I have someone renting a room. I also have my present primary residence. I ...
Anthony Podloski
Re-fi and HELOC on primary vs Multiple Mortgages
With multiple things going on at once, I'm wondering if the timing of loans makes a difference. I am speaking with one lender about doing a sequential refinance and HELOC against my primary residence. At the same ...
Joe M.
Refinance with two different titles
Hello all!I have an interesting scenario. There is a primary residence with an unattached in-law suite in the backyard. The family has them on two different titles owned by two different family members. The plan is to...
Lucero Sanchez
Which form should I use for my taxes this year, short or long form??
Hello, I posted a question on January 30, 2014 it was this one:
"In 2012 we purchased our primary residence for $60k it was a short sale and we bought it with out any loans, a year in a half later we found a ...
Frankie Woods
How to account for "rent saved" on primary residence ROI
The debate rages on about the cons and benefits of buying a primary residence. As a military member, one of my primary strategies has been to purchase a primary residence with a low ( <5%) down payment and rent u...
Kayla D.
Chicago Shared Housing Application Denial
Hi all! Hoping for some advice here.I purchased my first 2 unit Oct 22 and currently occupy the 1st unit duplex as my primary home. In November I submitted my shared-housing application to Chicago’s BACP, with the hop...