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Results (10000)
Marty Gangler 1099-c on a short sale in 2012 -rental that was primary
4 March 2016 | 10 replies

Hello.  I had a house in the suburban Chicago area for 5 years.  The first 3 years it was a primary residence.  Then once we decided to increase our family we bought a new house and converted the first house to a rent...

Brandon Sturgill Looking for Second Opinion on Financing Strategy
6 June 2014 | 0 replies

So, the question below was posed to my lender, who was quite vague with a response. I need some help with this strategy. Here are the particulars:

I have been contemplating a strategy to move into my current...

Eric Lam Should I sell or rent my primary residence?
5 June 2023 | 11 replies

General question bigger pockets family, I'll be moving to Okinawa, Japan for work and on the fence between selling or renting my property (3 bed, 2.5 bath, 2 car garage Condo, built in 2021) in Pepperell, MA. I ...

Jason V. Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
13 August 2024 | 21 replies

It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...

Tom Wallace Turning personal residence into rental property...
17 April 2017 | 31 replies

Hi all. Want first to say how much I appreciate Bigger Pockets and the wonderful advice I have received here..

I own 3 rental properties at this point. My wife and I have lived in our personal residence for the pas...

Jeff White How does a commercial loan effect my personal DTI ratio?
5 July 2019 | 10 replies

I am purchasing a duplex utilizing an LLC and a commercial loan. I am also planning to buy a personal residence within the next 6 months. I have a sizable downpayment for my personal residence, but will need to financ...

Dina Harleth Are gains from sale of the primary residence taxed at capital gains rate or ordinary income?
26 May 2014 | 4 replies

I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...

James Mccarthy lease break Emergency
2 August 2016 | 3 replies

Hey all this is my first post, I am new to this site and may not understand all the rules just yet but please humor me as I am in a situation. I am in a 2 bed rental with 2 adults and a 7 year old boy in Colorado (3 t...

Trevon Peracca Lines of credit for buy and hold deals
15 September 2015 | 10 replies

I have been chatting with a fellow investor about the possibilities of doing joint venture buy and holds. He proposed the idea of using LOCs to fund buy and hold deals and rehabs. I think that it is great idea. You ha...

Tricia O'Brien Large PM companies don't give landlord references?
31 May 2022 | 3 replies

My tenant applicant gave me a landlord reference for a place she lived from from 2016 to 2020 , but the property management company (Alpine Property Management in Indianapolis)  is impossible to reach for a reference....