Mark Simpson
Section 121 - Partial exclusion of gain
I am trying to help a previous client avoid a healthy capital gains bill on the sale of their primary residence. Trying not to spell it out to them directly though out of concern of giving tax advice outside of my sc...
Casey Schultz
Can I Exchange Two Rental Homes for One?
I'm wondering if anyone is an expert on or has experience with doing a 1031 exchange with two homes for sale at one time? I have a condo in St Petersburg, FL, and a home in Northern Colorado and I'm wondering if I ca...
Account Closed
Can I pay back taxes to prove self employed income? Or get a W2?
Hey guys! I just wanted to run this by y'all to see what you think- any input at all is very much appreciated!! Happy Holidays!!!Here's the scenario- let's say I have no proof of income. Can I file two 1040s and pay t...
Mark H.
Buying Duplex - How to avoid PMI
Hello,Currently in the market for a 2, 3, or 4 unit property - this will be my first home and I intend to owner-occupy one of the units and rent out the rest. I had just assumed that FHA (or 203k) would be the only wa...
Christof Gardet
Starting out: Renting while buying?
Hey everybody,I guess ill try and bring you all up to speed with my current position. I would like to start investing in real estate I like the buy and hold models I have been researching. I do not own any real estate...
Steven Beckham
Fix and Flip Using Someone Else's Mortgage
I'm looking at doing a fix and flip, but I don't have the funds for the purchase, and the hard money quotes I've been getting are too expensive. The subject property is in livable condition and qualifies for bank fina...
Ryan Mitchell
Sale of home after a relative's death
My mother in-law needs a mortgage to purchase a home that belonged to a family member that passed away. Our options would be for my wife and I to get a 2nd mortgage (our primary residence is in Indiana) or to co-sign ...
Joe Mierzwinski
Capital Gains on Primary
Hello all,I have been reading a lot about Capital Gains, but have been unable to find a topic that fits my current strategy.My wife and I are on our 3rd primary residence fix & flip. We held our 1st property for ...
Nikki Martinez
Single family residence near Fort Hood, TX
Investment Info:
Single-family residence buy & hold investment in Copperas Cove.
Purchase price: $132,000
Cash invested: $132,000
This was our primary residence while stationed at Ft. Hood and is...
Jesse Nguyen
Can I get an FHA loan on this triplex?
Can I get an FHA loan with the 3.5% down on a triplex that's 20 minutes away from my home and mark that as my primary residence to get the loan while I live with my parents at my current home and work on the other uni...