Diwas Sherchan
Looking for an advise.
I have been looking to invest on a second property using my equity of my current house but I cannot close the deal because of all the competitive cash offers. one of my neighbors house is about to go on a market next ...
Richard Campbell
Is it possible to buy two homes at once with the same lender?
I am interested in purchasing a primary residence and an income property in the Maryland area. If I was approved for example for a home loan of $500K and I purchase two properties within that price range, is that some...
Jacob Gallup
Getting an FHA while having a conventional loan
Hey everyone. May be an easy answer, but I’m not sure. I currently have a conventional loan on my home and am wondering if I can use an FHA loan to buy a duplex so long as I move out of my current home and into t...
Deepak Jebar
Need help with a 1031 exchange
Hi all, I am a new BP member, mostly trying to read up and getting my way around on the site.I moved from New Jersey last July and rented out my condo - making it a rental property. I bought a home here in Kirkland an...
Adrian Thomas
DSCR Loans, caught holding the bag
Hello BP family,I recently bought my 3rd rental property in Salina, KS using a HELOC that I have on my primary residence (CA). I did a cosmetic rehab and rented out the home 12/1. I went to my local bank that I've ref...
Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
Hello everyone,I own two properties in Tennessee. The first property is a condo, and my wife and I own 90% of it, and my brother-in-law owns 10%. The condo was purchased March 2019. We lived there until September 2021...
Edward Rueca
Need advice on possibly botched JV
Hi all, I am also new to the forum. Looking for some advice as to how to proceed. In 2012 I partnered up and bought a triplex to rent . We went 65% for him and 35% for me on the ownership and rent split as I was still...
Jason Pritchard
Question about a potential 1031 exchange
Hey Everyone,I'm looking for some advice on how to best defer capital gains taxes on my next fix and flip project. I'm partnering up with my brother in law to flip a house that he owns but has been renting for just u...
Adam Betley
Military member with a rental property
I am a military member who owns a home in Texas. I lived in that home as my primary residence from September 2005-August 2009. At that time I received orders outside of a 50 mile radius (Japan to be exact) and move...
Dirk S.
Tax implications on sale of principal residence
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...