All Forum Posts by: Ross Ellington

Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent it out. Any advice or of you'd like to add something feel free. Thanks in advance!

@David Putz Hey David, I'm always in need of more education. What do you have :)

@Stefanie Willie-Bonglo

@Account Closed

Thanks guys for your insight. Does the same income standards apply for the spouse. Such as the  2 year work history?

@Benjie DeVera

 Yeah, I don't know. 'll have to keep looking :)

Hey Jordan, thanks for the feedback. I'll def get in touch with someone more knowledgeable.

Hey thanks Wayne. So depreciation is building + closing costs?

I had a real quick question to see if I'm in the ball park. I want to buy a 4-plex and trying to get my depreciation number down. The scenario I have is if my 4-plex is worth 184,840 with land already subtracted would my depreciation be divided 27.5 which equals 6721. Is that my depreciation number? Thanks again for the advice, you guys are the best :)

Hey everyone, I was just wondering if any of you knew if there could be a cosigner on the Va loan who wasn't a veteran. I'm trying to weigh the options but didn't know the answer to this one. Thanks in advance for any insight :)

@Ryan Thomas

 Thanks, I'll look into 121

@Dave Foster

Thanks for the insight, i need to do more research. Thanks for the answers tho.

@Al Wilson

 Yes it is, and when it's time I'll do what you say :)

Hey @Wayne Brooks. Is that 2 on the last 5? And tax-free capital gains on primary? I did not know that. Thanks again Wayne