Nathan Hood
Love some advice on taxation!
Hello all,
I am a chef that bought a live and flip to get my foot in the door with real estate. I bought a foreclosure and fixed it up my self and added a bed room and bathroom on to the house. The restaurant I was...
Jameson Hedin
Can I qualify for tax exemption if I lived in home 23 months in the last 5 years
I have 2 questions that I would love if someone had insight into. 1) as the title says, we don't quite reach 2 years for the tax exemption. We were one month short before renting it out. We closed in May 2018 and th...
Bevaughn G Grey
Which is better LLC or Land Trust
I am new to bigger pockets.what is the best way to protect my real estate? Should I do land trust or LLC?Can I switch my real estate from my name to LLC or land trust?
Joseph Lewis
Can one person acquire more than one FHA loan?
From what I read, one person may only have one FHA loan.
I'm wondering if it is possible to use an FHA loan to buy a home, live in it for the minimum year, then refinance with a conventional loan, then acquire anothe...
Antonio Bodley
How do you get an address for vacant land?
If I was to spot vacant land while driving for dollars and spot vacant land, how do I find out what the address is? It is not like a house that has a home address number on the house or mailbox.
Mary Jay
How soon can I qualify for an FHA after refinancing current FHA?
Hi guys,My primary residence now is in FHA, and I was thinking of selling it or refinancing it.How soon can I qualify for another FHA after refi/sinning current FHA?If I want to get a primary residence rate on an new...
Joseph Lynch III
Forced to rent my first home
I literally just found this site two days ago. I moved to a city for a job and bought my first house with my wife. Within 6 months, we were forced to move because of my job. Not being able to sell without taking a hug...
Nolan Mahoney
Using rents as income for 5% down
Since the new 5% down payment came out i am currious if the rents from a 2-4 unit owner ocupied can be used as income to help qualify for the loan, like you can with FHA financing.
Jered Sturm
Tricky Tax question on sale of primary residence.
So I will begin by saying I have already spoke with my CPA regarding this. I am here for second opinions from other wise investors and CPAs. I purchased a home 9 months ago to live in with my wife. Shortly after I bou...
James Sul
Selling a house within 2yrs of purchasing
Hi everyone. I am selling my residential house in Maine with a expected profit of 30-75k range. The townhouse condo unit was purchased at 430k in sept 2019. I would like to know about type and amount taxes associated ...