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Are there any mortgage lenders who will provide loans without charging 25% down? We are about to rent out our condo (primary home) in Pensacola, Florida as we decided it wasn’t what we wanted and would like to purchas...
I bought my first home in the summer of ‘22 and fixed it up to where I could, if i so choose, sell it for about 30k profit this summer (after two years to avoid capital gains tax) from what I invested into it. I curre...
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I'm curious if anyone has any thoughts on this. I believe I once heard in an interview that Grant Cardone doesn't own his primary residence, he actually rents it from his business entity. Is this actually a thing? ...
When I typed in "2018 tax plan" into the BP forums, I was surprised that I couldn't find anyone talking about the Capital Gains rule to selling your primary residence. Currently you must live in your home 2 of the pas...
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Hi, fairly new to bigger pockets. I'm looking to invest in multifamily property either side by side apt. or property with separate dwelings. spoke to a couple of lenders & both are telling me that they recommend I...
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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...
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Hello BP Community,
Hoping one of the tax experts out there can provide me some clarity. I've read that this statute allows taxpayers to to ignore any "nonqualifying" use of a property that occurs after the last dat...
Hi everyone. I have a rental house that I've owned for just over a year. I have to sell it for personal reasons. I also have a primary residence that I'm going to turn into a rental and buy a new primary residence. Ca...
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ok guys and gals. I learned my lesson from the last one. I was missing a lot of data. This time I decided to make my own spreadsheet instead of using someone else's. It is moderately detailed. The grey areas are the a...
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My wife and I are looking to move to Dallas, TX. Originally, I wanted to purchase a multifamily but there does not seem to be many on the market right now. Therefore, we are looking to purchase a home to move into fir...