Is it possible to convert my primary residence into a rental that after some period would be eligible for a 1031 exchange?
Hey, everyone. My name is Jean-Marc. I'm a newish investor and bought my first property (quadplex) in Galveston about one year ago. I'm a resident physician and love REI about as much as treating patients. I'm looking...
I am looking to purchase a home with my sister in CA. We will both be on title and are planning to split costs and ownership evenly. \I intend to owner occupy the property while she will use it more as a second home. ...
We have a Co-op apartment that used to be our primary residence but now being kept as a rental. We are debating whether to sell it now to take advantage of the 2-out-of-5-year rule on capital gain tax exclusion, or to...
Hi fellow investors/home owners,Has anyone gone through the process of legalizing your existing unpermitted ADU? I'm currently just getting started on my ADU (purchased as is.) The Amnesty team said I can't go through...
Currently, I am saving to purchase my first STR. I'm hearing from most lenders that they require 20% down if the property is not considered a primary residence. Does anyone have any creative methods to obtain funding ...
I was just replying to the post by Aaron Norris regarding some assistance programs for moderate income folks. Both LA County and LA City have programs for this. Now moderate income in LA can be over 100k. You go to so...
Hey BP Nation! I'm writing the world's best post on 1031 Exchanges. Maybe I'll put it in my next book. But here's the problem: I need you. You see, I need some good stories to go with the post. So, if you've done a 10...
We had several rentals in CA and downsized and moved to TX to be closer to our daughter. We have one house left that has been rented for about 16 years. The house is large and will be easy to sell in the current marke...
I built an ADU in LA and live in the front house. The former garage is now a single apartment and has been rented out to my tenant since 2021. the ADU is legal - was built with all the permits and has a CoO - and has...