Rachel Zhang
Is the property required to be 2 years rental for 1031 exchange?
I am selling a property which I have held for over a year. The majority of this period was used to evict the nonpaying tenant. We do have a judgement against the tenant over this. Can i use the proceeds to buy 1031 ex...
Andrew Merritt
1031 for Partially Renovated Property
Hello, I purchased a distressed house with the intention of fixing it up. I've received some good offers on it before it's finished and am planning on selling. I purchased it in November of 2020. If I sell in Janua...
Vlad-Stefan Marcu
Tax Deductions for a Live in Flip
Hi all,I am planning on purchasing a SFR with the intention of living in it for 2-3 years, making upgrades, and selling when I move out. Would this be considered an investment property where I can deduct depreciation...
Steven Macdonald
Switching loans with the same interest?
I currently have an va loan with an interest rate of 3.25. Am I able to Refi it to an investment property without it effecting the interest rate at all?
Justin Brewster
Million Dollar Deal -- Lexington Kentucky
Deal: I have in hand a short sale deal in Lexington, Kentucky. It’s a beautiful 8,000 SqFt home with a lake front view and big pool. This house has been neglected by the original owners who built the house and went...
Jared Cox
Which gets you more excited?
I came across some properties yesterday that I was going to try and wholesale to a buy and hold investor. The comps in the area were close to the asking price, but the cap rate was huge.
When you are looking ...
Eric Hardt
Owner occupancy clause - early exit
Good evening all,I was wondering if anyone has any experience with getting approval from lender to rent unit prior to 1 year. This is my 4th property, so the other 3 are rented. I started buying in 2013 in properties ...
Kevin C.
SFR Designs For Rentals
I am considering building a owner occupied / rental property in southern California on a lot that is zoned for single family housing. Ideally I would prefer to build multi-family on a lot zoned for multifamily but at ...
Account Closed
Owner occupant lending?
Hello all, I purchased a duplex in October last year using an FHA loan. I want to move out but I understand FHA loans have a one year owner occupancy requirement. I was wondering if it would be possible to qualify for...
Tim Block
Questions About Tax Reporting on Sale of Property
I have a bunch of questions for the tax gurus here. In 2022 my wife and I sold 2 properties that were held longer than 1 year. My main question was can I list both under a schedule D? Here are both the scenarios and ...