Briana May
Primary residence of spouses
Is it possible for a husband and wife to each have a primary residence? We both qualify for a home on our own. Can we both get a loan on a primary residence? He has VA and I would do Traditional. If this isn’t possibl...
Aashiq Dheeraj
Condominium Deconversion Tax Implications
Hi All, My primary residence is a condominium that may be "deconverted" into apartments. There is an institutional investor looking to purchase my entire building, and if 75% of residents agree to the sale, everyone m...
Gabe G.
home owner capital gain exclusion.
I have lived in my past primary residence for 13 years. I am considering renting it out for a small period of time, then selling.What are the rules for doing this.If I lived in it for 2 years, of the past 5 before the...
Yos W.
Purchase as Investment Property and make it Primary residence
Tried searching but didn't come up...we plan to buy a house for investment, but then think we make it our primary residence.(either immediately or wait 1-2 years)I know that if it was the otherway around, it's against...
Debbie C.
1031 exchange with Section 121 exclusion
My husband and I have lived in our home for 40 years and it's value has increased by almost $2 million over these years. We'd like to sell our house at some point in the near future because we're getting close to reti...
Kelvin Nguyen
Qualified renter will not available to move in until next month
Hello,I am starting out rental business for the first time by using my residential property.What should I do if the qualified renter will not available to move in until next month? Should I extend the offer? Do I ...
Michael Dunn
Lender/Qualification question please.....
I haven't gotten a exact answer so far, but was told that I need to have a paper trail of 2 months time, showing that I have saved in my bank account ( 6 months worth of house payments ) So, since I have 1 and half ...
Christopher James
30% Federal Tax Credit for INstalling Solar Panels
I recently read an article that there is a 30 % Federal Tax Credit for installing Solar Panel. Does anyone know if this is also available on investement properties?
John Harrington
Any insight on the HARPTA tax law
My Ex-Wife and I are finally selling our apartment which we bought when I was stationed in Hawaii. She has been living in that apartment for over 8 years now, but since then I have moved back home to MD. I have rece...
Preston Rogan
Financing investment property
I currently own a primary residence that I would continue to reside. Looking to pick up a duplex but I’m not real sure where to start. I chatted with rocket mortgage and they said for investment property they would be...