Karan Johar
PenFed HELOC Homestead Exemption
I have investment properties in Dallas area and I am currently working with Penfed to do HELOCs on these properties. After going through all the hoops the processor has rejected my HELOC applications because they insi...
Farah A.
Homstead Exemption in Houston…
Hello, thought I’d come to this forum for some input/advice. I am due to close on a property that I plan to house hack tomorrow in Houston, TX by the Medical Center. My lender just hit me with a last minute update t...
Sean McConathy
Senior Homestead Exemption (Texas)
I have one specific, and one broad question for this community. My young family currently rents (we pay rent) part of my mother's primary residence (she lives there also). She is over 65, so she not only gets the st...
Brendan Jones
Capital Gains Exemption Question
I'm selling a house that my family moved from in mid-April 2017. In order to qualify for the capital gains exemption (based on having lived in the property at least two out of the past five years), I therefore need to...
Phuong Uyen N.
Capital Gain Tax Exemption
Hello BP,
Please give me your advice on this:
I have purchased a property under my LLC. The property is located out of the state from my Residence-Address (Address on Driver License). I have primary been living in...
Mike Shulman
Primary home tax exemption
In order to get capital gains tax exemption for owning a home as a primary residence for 2 years does that home need to be Homestead? I have a more expensive property that I'm moving out of when I'd like to leave at H...
Antoine Ferguson
How homestead exemption works?
How does homestead exemptions work? From what I gather only your primary residents can qualify but I'm not sure on how or why to apply or if I even qualif... I'm new to real estate btw 👌
Lucas S.
Non Qualified Use Exemptions
Currently i am working through the tax issues (qualified vs unqualified use) with having sold my home in VA and finding it a lot more difficult to get a clear answer than i thought. Hoping someone here has dealt with...
Steve G.
Capital gains tax exemption.
what is the rule for partial sell of primary resident? If husband and wife sell half of their primary resident to their son, are they still exempt for half of 500k (250k) capital gains?Of Course, This would be discuss...
Pawel Bronski
Cap Tax Gain exemption
I’m working out off market deal with seller that is worry about capital tax gain (NY). However his odd situation might plays on his favor.. some background: He owns the place since 1990 (bought for $14k). Lived at the...