Burt L.
How Can A Self-Employed Wholesaler Best Present Tax Returns to Qualify For a Personal Residence Loan?
After wholesaling rental properties and being tired of being a tenant again myself - I would like to be able to qualify for a conventional loan. In speaking with a local tax attorney, I was told that 2013 was the last...
Max James
Having current tenant do the showings
Has anyone allowed current tenants do the showings for your apartments? I know that legally someone cannot show the apartment (be a salesman) if they do not own it or have their real estate license. So it's technicall...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Alik Levin
HELOC interest deduction - New Tax Law
Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...
You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do y...
Jack B.
If I move BACK INTO a rental, does the 2/5 year rule apply?
I bought the house in 2013 and lived in it for 1.5 years. I moved out and rented the house out for 3.5 years. I just moved back into the house. If I go to sell it in 2-4 years, will any portion of the property sale be...
Jack B.
2/5 year primary residence IRS test
What if you lived in a property as a primary residence for 2 years, and rented it for 4 years, then moved back into it for 2 years before selling it? Does it still qualify for the capital gains tax exclusion or will o...
Robert Wong
Primary to Rental to Primary Tax Implications
Hi, I'm looking for clarification on the following scenario:I buy and live in a house as my primary residence for 2 years. Then, I convert it to a rental for the next 5 years. Finally, I decide to return and change th...
Susan O.
Renting to Family member - keeping as rental in 1031
Hi I wanted to 1031 exchange a SFR that's currently rental and upleg into an SFR and rent it out to a daughter. Would that be OK I would still accept rent and do depreciation etc but my daughter would live there and ...
Luka Milicevic
Question for all my 1031 heroes
Let's say I sell a rental property (Single fam) at a profit and decide to do a 1031 to another single fam. Let's say it checks out and it qualifies as a like kind exchange. I then decide to live in the house and it en...