Karan Jhavar
Tax advice: Primary -> Rental -> Primary
I purchased a condo as primary residence, converted it into rental and now would like to make it my primary residence again for 2 years. Would I be able to claim the gain (minus depreciation), tax free?2012 - Purchase...
Hughston Thackham
Rent Primary or Sale Primary
Hello all, I am brand new to Real Estate Investing and I am in a situation that I believe could be promising. I would like to hear further opinions. Currently, I am paying $942/month w/ $232 of that going towards my p...
Gulliver R.
Seattle STR non-primary/primary res
Hi All,I’m planning on securing a property in Seattle WA for the purpose of a STR unit. But on the Seattle.gov website it says one STR unit must be my primary residence. I don’t actually intent on living in the unit. ...
Terry Garrett
Fha primary. Duplex second or primary
Hello I'm new to real estate investing and new to BP. I'm a little stomped on my next decision.So I have a house I bought it Long Beach 4 years ago on FHA but I want to go conventional and then buy a duplex in Clevela...
George P.
Primary/Non-Primary Residences Ratio - Condo financing
Can someone explain what ratio(s) the banks are looking for when underwriting a loan on a condo (i.e. number of rentals vs. primary residences)? Where are they deriving these numbers from - public records?
Also, Is i...
Corey Robinson
Primary home interference with new primary loan
Wife owns primary home now, selling 11/30. New loan will be in my name, to close 12/1. During processing wifes primary counts as mine. This creates an issue for me getting a primary. Any help to get around this will b...
Joshua Powell
Buying new Primary with current Primary's HELOC
Hey guys, so a few weeks ago I closed on a 90 LTV HELOC for a duplex I househack. I was obviously was able to get this high of LTV because I was owner occupying the property. The HELOC is for $57k, but I had to use $3...
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...
Darien Miller-Gowan
HELOC Question -- Primary Residence vs Non-Primary
Hi All, I currently own a single family home and am going to be adding an extra bedroom & TV room in the near future to this property to increase equity. After the rehab, I will want to get a HELOC or line of cred...
Dev Anand
Policy towards primary residence for primary residence?
Hi BP! Apologies if this has been asked before, but I couldn't track down 1031 information specific to primary residences. Everything I've read so far specified that the 1031 exchange was for similar investment assets...