Sentences with phrase «previous primary residence»
Years ago, in a previous primary residence, I had a gas furnace and my gas bill regularly topped $ 200 / month in the winter.
https://www.biggerpockets.com/ Not exact matches
An accredited investor is defined by the Securities and Exchange Commission as a person with earned income that exceeds $ 200,000 — $ 300,000 for married couples — per year in each of the previous two years, or someone with a net worth of over $ 1 million, not counting his primary residence.
According to the Realtor.com website, the home must have been your primary residence for at least two of the previous five years.
For more on what qualifies as a primary residence, please see my previous column on the matter.
The IRRRL requires only previous occupancy to satisfy the VA and lenders, but veterans looking for a Cash - Out must intend to occupy the home as their primary residence.
The previous VA loan must have been paid in full and the second home purchased must be used as a primary residence.
if the property is sold during this time it would be possible to 1031 the property since it is fully investment and take up to $ 500K in boot that would normally be taxable but in this case be offset by the primary residence exclusion of sec. 121 since they would also qualify for that having lived in the property for 2 in the previous 5 year period.
The IRRRL requires only previous occupancy to satisfy the VA and lenders, but veterans looking for a Cash - Out must intend to occupy the home as their primary residence.