Scott Pollock
FHA work around/ Able to get out of owner occupy rule?
Hey guys! Brand new to real estate investing - but I own a Wellness Center in Dallas, Texas and have very good cash flow. I would love to not spend a year in my townhome I just purchased so I can rent it out and buy a...
Jake Andronico
Tax benefits - 1031 Exchange OR Section 121 exclusion on the same property...?
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
Monica Seth
Sale of Rental Property & Capital Gains tax (2-out-of-5 yrs rule)
Thank you in advance forum members. I need clarification on whether the 2-out-of-5-Year Rule would apply in our situation to get full exclusion from capital gains tax.We live in CA and had purchased a condo in Jan 200...
Oliver Martin
Question regarding Section 121 Exclusion
Hello everyone. I have a question. I bought a primary residence in September 2012 and lived there until December 2015. The house was held as rental property from January 2016 to September 2019. (3 years and 8 months)...
David Miles
1031 Exchange --> Moving In?
I've been watching the forums for a long time, but haven't posted before. I couldn't find the answer to this question, so I'm sorry if it's been asked before.I am buying a new rental property, and am going to 1031 exc...
Goran Kocev
Real estate taxes advice
If I have a rental property and 1031 exchange it to by primary home then :1 is that possible 2 if I leave in this home for 2 years and sell it am I paying capital gain taxes .TIA
Elex Price
Tax on Sale of Primary Home?
I close on the sale on my Primary Residence this week. My question is will I be tax on the sale and if so what's the rate? I lived at this residence for about 4 year. I did some research and came across Topic 701 on I...
Craig Curelop
Using Roth IRA for down payment
Thanks to everyone at BiggerPockets, I got my first deal under contract! I've had my Roth IRA for 5 years, but recently rolled it over from Merrill Edge to Betterment. Does anyone know if I can still use this as part ...
Tomas Saenz
Financial Approach to Buying a Personal and Investment Property
Hello BP Community,Something I have been thinking about recently and would appreciate guidance or thoughts on. This year I will be purchasing a personal residence and an investment related property (2 separate purchas...
D’Andre Ortiz
STUCK! Am I missing anything that I could do?
Hey fellow BP members, I come to you guys for some much needed advice. About 2 years ago I bought a property as my primary residence, It has been great but now I am looking to actually move up and tackle some of my RE...