All Forum Posts by: Steve Bugnacki

Thanks, Bruce.  I will read that. Also interested in hearing what Rick H. might recommend as well.  Ned, how did you acquire the knowledge needed to do your deals in Maryland?  I am in Connecticut and have requested to be added to one town's bid list so far.

What resources do you recommend to "go deep" and properly educate oneself in tax lien and tax deed investing? 

I am trying to figure out the costs of the following.  I have my primary where we have lived for 20 years and could sell it and get the tax free earnings from the appreciation because it is my primary (no need for a 1031 exchange on the sale of a primary as I understand it).  I would however, like the option of renting my existing primary and buying a new primary to live in for a couple years which would give me the option of moving back to my original primary if we don't like where we move.  I am trying to quantify from a tax perspective what exactly I am sacrificing if I rent my existing primary and sell it after a year or two rather than just selling it now.  Also what have I cost myself tax wise if I then move back into my existing orimary andbluve there for another "x" number of years and then sell.  Is there a point where I regain the (250K max) tax free earnings on the sale of my existing primary?  If I move to a new primary for 2 years and then sell my original primary do I sacrifice all the tax free earnings on the appreciation of my original primary even though I will have lived there for 2 out of the previous 5 years?

 Tax question.  If you rent your existing primary, walk me through the numbers of what that costs you when you want to sell that primary down the road since you now sacrifice the benefit of 100 percent tax free gain on that primary (up to 250K) since it now will be a rental. 

That is good advice and my wife will probably want to thank you for suggesting it.