I rented out my primary residence for the past two years, but lived in it for the three years prior to that. The tenant has moved out, and now I am considering selling it. Does the fact that it was recently a rental i...
Hello! this link was very helpful thank you so much for taking the time to post it. My question is regarding the Capital Gain Exemption...
What if I bought a Property: January 1, 2015 for $500,000
Rented it out unt...
I currently receive a homestead exemption on my home.
We will be renting this residence starting January 1st. Am I able to retain this exemption on a rental?
My understanding is no. However I’ve also read that you ...
Hello,My future father-in-law has decided he is exempt from paying his taxes because of his disabled status. I believe his status only exempts him from being removed from his property because of delinquent taxes, but ...
How to use this strategy when buying a duplex in Kansas
I'm just starting out flipping houses in long island. First house I flipped was under my name and now goal is to get everything formalized and really stream line my business. Just formed a new LLC and I'm looking to e...
Hey Everyone,I have a property that I am about to purchase, straight cash, and want to know if anyone here as used the Fannie Mae exemption (pull 70-80% of LTV refi on the ARV of any given property). What kind of prop...
Can anyone educate me about using "delayed financing exemption"?For example, if my partner and I found a property that was a foreclosure and needed a bit of work, can we use our HELOC's to buy it outright with the cas...
So quick question bigger pockets fam. I was recently on my county's assessor page and I was browsing a few apartment buildings to kind of get an idea of the property taxes when I noticed a few out of the majority were...
I want to start this post regardless of answers; I know I need to consult with an accountant. I am trying to understand the 121 exemption. My wife and I have owned our primary residence for over two years. We are abou...