Hello BP Community,
Hoping one of the tax experts out there can provide me some clarity.  I've read that this statute allows taxpayers to to ignore any "nonqualifying" use of a property that occurs after the last dat...

First some background: I am screening tenants to rent a room in a house I am living in.tl;dr: Seems that the applicant was rushing when filling out the application and had many errors in the application - not obvious ...

Hello!I have a question regarding the Section 121 Exclusion. Im considering selling my “primary residence “ that I have lived in for two years and have rented out for one year. I’ve got 100k in equity. Is it true that...

BP-I am currently house hacking my first property (renting by the room in a townhome) and have a new tenant moving in next week. He just informed me today that he is setting up an LLC to be a consultant/private contra...

I just wanted to give a big shout out to @Corey Clarkston and the team at St. Johns Properties in Jacksonville, FL for not only getting a tenant moved in, less than two weeks since I closed and achieving the aggressiv...

Hello everyone,Looking to learn a little bit more about 1031 exchanges and and 1034..First off, can both of these tax exemption strategies be utilized in tandem? Secondly, does the QI pay your taxes on the house? or d...

What is the property tax rate for an out of state investor buying a rental property in South Carolina?

Here is the situation. Two lenders are telling me different things. I own a primary residence and one investment property. I have a 3 year history on my tax returns of managing investment properties. The LTV on ne...

If you assume a VA or FHA  loan is it required to be a primary residence?   Has anyone actually assumed a loan for a SFR rental? 

Hello fellow BPers, We are ready to market our second investment property and wanted to make sure we updated our application form. I've made some changes but wondered if there was anything else I should ask in an appl...