I have lived in my single family house for a little over 2 years. I rented the apartment above the garage out for 1 year. I was thinking of 1031 exchanging 20% of the proceeds from the sale (20% because that is how mu...
I am curious if a property is bought using a 1031 exchange from another property sell, used as a rental for a period of time, is there any way to turn it back into a primary residence again? Would you pay back depreci...
I want to get a FHA loan or 203k loan but I already have a house with my significant other. What would be the best loan for someone starting off?
Hello BP, what are the lender requirements for Mid-Term Rental income? I started my MTR in Sept 2023 and some lenders I've spoken to are saying different things such as 1 year tax returns, 2 years tax returns.. Can't ...
If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you
I am currently seeking information on tax consequences of selling m primary residence. I know the $250/$500k rule after two years but I am trying to find out if you reinvest the gain that exceeds that into your next p...
Hi there, I'm just starting my journey in STRs (have 1 up and running currently) and have a question....How do 2nd home loans impact your ability to qualify for a mortgage on your primary residence? One of my potentia...
Currently i am working through the tax issues (qualified vs unqualified use) with having sold my home in VA and finding it a lot more difficult to get a clear answer than i thought. Hoping someone here has dealt with...
Hi there,
I am exploring the possibility that is it possible to buy an investment property with 20% down and then after sometime buy a house for own-self to stay in with 5% down.
I am in Ontario, Canada.
Thanks
HiI live in California. I took out a HELOC on my primary residence and used the funds as a deposit on another property which then became my primary residence. The previous primary residence was converted into a renta...