All Forum Posts by: Carson Smith

Great input! @Bob Norton @Jaysen Medhurst and @Dave Foster

What if you have a small multi unit (2-4 units) and it's in an LLC? Can you still take advantage of the 2 year rule?

thanks jayson!!

Does the 2 Year Home Sales Exclusion apply to Apartments 5+ Units? (If you live in one of the units 2 out of 5 years, can you avoid paying capital gains?)

The 10% down option is a 20 year loan 

Able to get 10% down at 4.25% financing through Credit Union and also open to Conventional 30 Year. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

thanks all! :) 

Thanks for the feedback and much appreciated. I've made modifications to the calculator so not sure if you see the one i originally posted or the modified version now. Anyways, the thought was that we buy the property for $120K, put $15K into it and the ARV is $200K. It is negative very thin cash flow after we refinance but would own the property for next to nothing and then sell it 2-3 years down the road. We could technically flip it but this market appreciates like crazy and this neighborhood is trending upward

Thanks for the feedback Tim.  The plan would be to sell in 2-3 years and more of an equity play.  Does that change things?