Tomas Saenz
Financial approach to personal and investment properties
Hello BP Community,
Something I have been thinking about recently and would appreciate guidance or thoughts on. This year I will be purchasing a personal residence and an investment related property (2 separate purch...
Sharon Li
2/5 Year Rule Primary Residence Converted to Rental
I purchased my house as a primary residence back in July 2017, lived there for just over two years (until Sep 2019), then moved out due to military re-assignment. I then rented the house out for slightly over one year...
Marty Gangler
1099-c on a short sale in 2012 -rental that was primary
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...
Joe Ort
Turnkey performance over time
Hi all - I'd love to get some real world data on turnkey performance. Chris has a great post discussing TK: https://www.biggerpockets.com/renewsblog/mastering...My concern as a new investor is the long term performanc...
Aaron Bashore
Single family rental in an area with high home ownership
I am looking at a 3/1 in South Lebanon Ohio for $150k. It is a small town in a rapidly increasing property value area. My concern is that the are has an 81% home ownership and $78k annual average income. Will anyone r...
Amanda Hoening
Buying investment property prior to primary residence
I am planning to buy a few rentals prior to buying my primary residence. To anyone who has done this, my question is this: what issues did you face when you went to finance your primary home?
Brandan Roberts
FHA Loan for Purchasing Second Home, but First Primary Residence
We have purchased a rental property with a conventional loan this year. We have not owned a primary residence yet. We are looking to buy our first home to live in. Would it be possible to qualify for an FHA loan to...
Josselyn Palma
Can I qualify for an FHA Loan if I already have a conventional loan?
Hello. I am ready to buy another property and I thought I would qualify for an FHA Loan since I have a property under a conventional loan that I am renting out to my tenants, but people are telling me I do not qualify...
Freddy Neuhold
Recently married capital gains tax - I'm a citizen, my wife isn't
I am selling my primary residence in San Antonio, TX. My wife is Filipino and not a citizen of the US currently, we married in September of 2023.My question: While we've only been married for 5.5 months, can we qualif...
Steve K.
Question on Cap Gains taxes/ Section 121 Exclusion
Question on section 121 exclusion for cap gains, specifically the timing of needing to live in the property for 2 of the last 5 years. Does anyone know off-hand if that is for the calendar year or exact dates? Assumin...