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From a federal tax perspective only, it would depend on the amount of depreciation the seller had taken on the rental property, their filing status (single, married filing jointly, etc.), other tax deductions and tax bracket. Here's an example. House purchased for $700k and rented for 5 years...

Correct, the gains will be taxed at long term capital gains rate, which varies depending on your tax bracket. in addition, you will pay tax on the recapture of depreciation that was taken on the property at your ordinary income tax rate, capped at 25%. Both these taxes can be deferred if you do...

Actually I'm not forgetting this piece, it just doesn't apply to the scenario I laid out which assumed the OP used the house as his primary residence (my step 1) and then converts it to a rental (my step 2). See Section 121(b)(5)(C)(ii)(I) which specifically excludes any non-qualified use...

Any lenders on here working with the new UWM program? 30-year at 1.99%. Just WOW! https://www.housingwire.com/articles/uwm-announces-1-99-rate-for-30-year-fixed-mortgage/#:~:text=United%20Wholesale%20Mortgage%20announced%20Tuesday,company%20said%20in%20a%20statement.

Technically he could get both the $250k exclusion and a deferral for any gain over the $250k by doing a 1031 exchange. The tax code allows you to pile these two benefits together. Mechanics are tricky though and likely not what the OP is trying to accomplish. To do it he would need to do the...

You can use capital losses from stock sales to offset capital gains. Did you do any tax loss harvesting this year?

Martin, I posted a back door link to their website that avoids going through the home page and gets you straight to an application. If you apply with your information, they'll contact you within 1-3 days...at least that was my experience. Here is a link you can use....and no I'm not getting paid...

Loan Cabin's 15-year published rate on their website is 1.99%:https://www.loancabin.com/rates

Lol no affiliate payments for me, though given the number of people I've referred to Lenderfi I should start asking for a cut!! I signed my closing docs with them yesterday getting 2.75% with lender credit to cover all costs in Sections A, B, C and E of loan estimate. No need to escrow taxes...

There is a back door way to apply to Lenderfi by avoiding their homepage.  Use the link below, fill out the information and they'll call you within 2-3 days to provide you a quote. https://app.lenderfi.com/app/signup/partner/lenderfi

The jumbo market (>$765k) isn't supporting these rates, but I think the high balance conforming market can get that rate. I'm actually starting to see new posts from people getting 2.375% with some costs/fees, so zero cost 2.5% seems very likely.

Their online quotes are typically lower than what they will offer. If you fill out an application, a loan officer will contact you within 1-3 days and discuss options. I tend to prefer a true zero cost loan where I sacrifice a bit on rate to get a lender credit that covers all costs in Sections...

Saw it in the "Refinance Mega Thread" on this finance forum I follow:https://www.bogleheads.org/forum/viewtopic.php?p=5403186#p5403186 Lender is Lenderfi. Saw two people post with different loan amounts of $268k and $690k. Not sure if those are conforming or super conforming because they don't...

I've already seen reports of 2.5% 30 year with lender credits to just about cover closing costs (Sections D+E on loan estimate). Few hundred out of pocket.

Sort of happening now. I'm going from 3.5% 30-year down to 2.75% with a lender credit that covers closing costs (Sections A,B,C and E) and nets me a little over $2k which I'll put towards prepaids/escrow. Crazy times indeed!

Martin, are you looking for Jumbo (Loan > $765,600) or Super Conforming (Loan up to $765,600)? If the latter, I locked last week at 2.75% 30-year with lender credit to cover all closing costs. Also doesn't require escrow. Online broker, Lenderfi. Their web page says they are no longer taking...

Anyone install one of those automated pergolas? We have an existing structure with wood slats, but the sun makes it too hot to utilize mid-day. Have started looking into automated shade options and was wondering if anyone has installed a solution, who you used, and how much it cost. Thanks!

So you sold when dow hit 27000, presumably because you thought it was overvalued? Then you bought back in over the last week when it was trading between 26000 and 27000 because suddenly it's no longer overvalued? Not trying to be a jerk, just pointing out one of the risks in trying to time the...

Curious, how long were you sitting on this money that you've been using to buy over the last week and plan to deploy over the next 2-3 weeks? What was it returning while you were waiting?

We looked at Padova two years ago, relatively early in their development. We really liked the house layouts, the location of the subdivision within OH (toll road noise isn't an issue), and the overall look and aesthetics of OH.  Your concern about overall community feel/vibe of OH is what...