Shaun R.
Renting a current home and buying a 2nd residence
General question... if a homeowner wanted to purchase another home as a personal residence and keep their current one as a rental, how does the mortgage approval process work for the second home? I assume since there...
Ling Rita
How to purchase a second property as a primary residence
Dear Investors,I’m just staring out on my investment journey and I would like to hear your opinions on how to get qualified for a second mortgage as a primary residence.I’m currently living in the property that I have...
Rahnesha White
Buy a Primary Residence or Investment Property first? DTI
I currently live in a high cost market ( California) and I for sure want to buy a primary residence here to house hack in the near future. However, I also want to buy an investment property (Small MTF 2-4 LTR) in the ...
Dustin Dummer
Tax advice for investing
I'm putting together my investment plan. I currently have a primary residence. (If I had known I was going to get involved in real estate investing I'd have done this completely different but it is what it is). If I u...
Hannah Leas
Capital Gains Tax Help on Primary Residence
Hey Bigger Pockets Network,I purchased a home (first home and primary residence) in August 2016 for $135,000. I put in about $10,000 of renovations. This home was located in Vancouver, WA.In July 2017 I sold the home ...
Sunil Sehra
Can I close two properties within 30 days (Conventional Loans)
Hi,
I am buying a primary residence in CA, which will hopefully close by May 5,2013 via conventional loan. I have another property (investment property) in Maryland under contract, however the settlement date for th...
Rodney Bentley
Using the "2 out of 5" rule on rented property.
My in-laws are considering selling their old home, now rented to us, in the next couple of years and we want to mitigate as much tax obligation as possible. If one of them was to use the property as a primary residenc...
Account Closed
How to avoid capital gains
We are selling a primary residence which was a rental for the last year. Since we lived in it for 2-yrs within the last 5, we qualify for the $500k capital gains exclusion. However our profit will exceed that by $150k...
Loren Whitney
Determining if I qualify for the 2 of 5 year rule
Hey all,I'm looking for a little help on what doesn't seem crystal clear to me at the moment. I'm trying to determine if I qualify for the 2 of 5 year rule and avoid cap gains on my current primary residence. Mind hel...
Wilfred Diaz
Referral for 1031 EAT
Hello Everybody,
I will be selling my current home and purchasing a new home(that will need some remodeling) with the hopes of using a 1031 exchange.
I would like to know what this process is like.
Here are my deta...