Kayla D.
Chicago Shared Housing Application Denial
Hi all! Hoping for some advice here.I purchased my first 2 unit Oct 22 and currently occupy the 1st unit duplex as my primary home. In November I submitted my shared-housing application to Chicago’s BACP, with the hop...
Oliver Martin
Primary residence tax exclusion when you sell
Hi everyone. Just wanted to clarify. If I lived in my primary residence from September 2012- December 2015. And I rent it out from January 2016- December 2017. Do I still qualify for the 250k tax exclusion if I sell...
Juan Garcia
Texas and its Section 50(a)(6) Refinance Matrix and Summary Guidelines
Little bit of a backstory.
- One of my brothers (A) signed for a property for my other brother (B) which will not qualify due to his low credit score. Recently my brother (B) got divorced and will have to payout his...
Jared Khan
Reference Material & Contacts Within the Industry
BP,I've been lurking around for a fair amount of time and the material I've taken in here has helped me to where I am now. I purchased my first home in late 2018, and have been "house hacking" since day one. Never mis...
Account Closed
How Does Home Equity Loan Impact 1031 Exchange?
Good afternoon! I have a question that I am hoping you or if you know someone that can help answer. If I decide to do a home equity loan on my primary residence and then convert it into an investment rental property n...
Jennifer McPherson
Help!! 1031 Exhabge. Can I exchange for 2 houses
We just househacked our third house. I have someone who wants to BUY the house we just left. We were contemplating selling it next year and using the $200k we have in equity in it to purchase a could of rentals inst...
Ben Booker
Exit Strategies - Capturing Appreciation on Primary Residence
Hi Everyone,Situation: Right now I am working in the San Fernando Valley (just north of Los Angeles) and living in Santa Clarita Valley (just north of San Fernando Valley). I own a 2b2b condo in Santa Clarita which I ...
Joey Backs
US Citizen Non-Resident Financing
Hi all, first post here! BP and the forums have been so valuable while I’ve been learning and I’m so grateful to have this resource.I’m a US citizen currently living abroad (London, UK) and would like to start my REI ...
Abraham Berkowitz
How could I avoid paying a lot of tax on capital gains through a fix & flip?
Hi I just went in to contract on my first fix & flip in Scranton Pennsylvania, and I am looking for straragies how to avoid paying big taxes for the capital gains, (beside of deducting of the expances).I heard tha...
Eddie Mendoza
Question about 1031 tax exchange
Hi everyone , just had a question about 1031 exchange , if we lived in our primary home for 4 years and then refinanced less than a year ago, do I now have to wait a full year before selling in order to do it ? Not su...