Zach Johnson
Selling a SFH Househack and the 2-Out-Of-5 Year Rule
Greetings all,As you know, the 2-Out-Of-5 year rule says: you must have lived in your home for a minimum of two out of the last five years before the date of sale in order to take an exclusion from capital gains upon ...
Nik Parks
My spouse has no credit
Hey guys!
I couldn't find a forum that answered my question so I thought I'd start a new one.
This is kind of a long term question:
My plan is to buy a multi family home via an FHA loan. I live in New York City so ...
Joswaldys Morales
low income investor 3rd propety
hi im a low income new investor i make 70k a year i have my primary home plus i purchase mi first property in 2021 . my question is if i have the 20% save to buy my second rental property as a investment . can i q...
Robert G.
1031 exchange ?? Selling primary residence
Hi all,
I am currently listing my home for sale (lived in it for 18 months) with my realtor and plan to net approximately 61K after closing costs etc. I want to take a portion (or all of it), and put 20% down...
Karen Molnar
Do I qualify as a first time home buyer?
Hi everyone, just a general question here! I did a cash out refi on primary residence that my mom and I shared and she left to me after she passed away. I used the refinance money to do a cash buy on an investment p...
Eric Peterson
Capital gains for a property rented just over 3 years
Can anyone tell me what happens if a home has been renting out for just over 3 years in terms of the capital gains exclusion. Do you lose the entire benefit or is there a sliding scale. Let's say you're trying to deci...
Dario Miles
Capital gains with two co-signers
I'm hoping this question belongs here.My family bought a condo a long while back. I'm looking to sell, looking at a possible $330k in gains. The loan/deed has myself and my mom on it.We won't be filing a joint retur...
Amit Chawla
2 out of 5 rule and qualified vs non qualified use
Purchased a primary residence in March 2017 and lived in it until Jan 2020, then rented it out until May 2022 and sold in June 2022. We owned this residence for just over 5 years and lived in it for at least out of ...
Kevin Tornes
NC 10% Down Vacation Home Loan?
I'm trying to find out if anyone has had luck finding a lender who will allow 90% LTV at a reasonable (less than 5.5%) rate on a second home/vacation home loan. My partners and I are trying to buy a house in Oak Islan...
Frank Macias
Commercial loan for primary residence?
Hello all,Looking for a creative way to finance a new construction of a primary residence. We plan on living in the home but also building an attached mother in law suite and a detached garage both of which we would r...