Hello Bigger Pockets Lenders and Investors!I wanted to see if anyone has experience with the new HomeReady mortgage program.http://themortgagereports.com/18653/homeready-mortgage-guidelines-interest-rates/In addition ...
My parents purchased a property back in 1994, which they used as their primary residence until around 2012, then started renting it out. They'd like to move back into the home and live there for 2 years before selling...
So I definitely like the idea of putting down 3-5% on a duplex instead of 20% on a single family house. So my question is, what is technically considered "establishing residence" in a duplex in Real estate terms to qu...
Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...
I have a main property which I just got appraised and have a bit over 800k in equity. I'd like to purchase another one nearby to use as my main one and put this one on the market as a rental. What are my options as fa...
I'm a resident of CA and I plan to invest in a syndication in Texas along with a friend of mine. I talked to a few lawyers and the recommendation was to create an LLC in WY with both of us as members and invest in the...
I am moving out of my current residence and plan on turning it into a rental. From what I can tell if I sell the house within 3 years after moving out, I will not have to pay capital gains tax. The rule is if you...
So the situation is my wife and I both owned houses before we got married and I believe we both would meet for two out of the last five year resident test. Can we both use 250 K exemption on our individual properties ...
I have 2 questions that I would love if someone had insight into. 1) as the title says, we don't quite reach 2 years for the tax exemption. We were one month short before renting it out. We closed in May 2018 and th...
We're currently living in Maryland but are eyeing property in CA. We likely won't be able to move there for another 2-3 years but have found a house we like. We have other rental assets here on the East Coast that we'...