That means you could exclude up to $250,000 of gain if single or $500,000 if married filing jointly if you sell.

If you lived in a property for 19 years, moved out and turned the property into a rental, you should be able to exclude up to $250,000 or $500,000 of capital gain depending on your filing status.The only gain that wouldn't be eligible for exclusion is the depreciation taken on the property that it was a rental for 1.5 years.Best of luck!

It went from getting our principal back in the August webinar to our entire principal being at risk a few months later. 

(i am using these numbers from an online amortization calculator) In the first month paying just $474.42 to the principal ending the first year at $5858.98 of total principal paydown. 

Principal to be fully paid at end of term. 

We knew how banks think, how files are actually put together, what’s missing, what’s fixable, and what’s a landmine.

My mother learns that paying off the principal is one solution but we still having to pay the interest since we got the house 3 years ago and we only discovered this now.

Warmest Regards,Alyssa LundvallFounder & Principal Designer, House of Hartley Interiors

Then there are the principals and key staff members who had largely nonexistent track records- questionable at best.  

Planning to live in the property for 2 to 3 years while attacking principal to drop PMI and also hoping to recast loan to drop P&I.