Senior housing is a difficult operating business, so deals will often sell at deep discounts exclusively due to the shortcomings of an in-place operator. 

My lender has issue with specific exclusion language on my policy, that the policy was over 100 pages long.

If you’re approaching it and you have any intention of selling and using the primary residence exclusion ($250k single / $500k married), that clock matters more than anything else in your list.

But here's the practical reality: if your mom has owned it for 7+ years as her primary, she can use the capital gains exclusion on her gain.

If you sell before the the 3 year (1095 day) mark - you will still qualify for up to $250k/500k of gain exclusion under the 121 primary home exclusion. 

We specialize in bespoke financing solutions designed for senior leaders with complex financial structures.We are currently offering tailored, low-interest, non-disclosed lending facilities designed to leverage restri...

That raises a big strategic question for us:Option 1: Buy a primary residenceStop paying rentLock in a property in SoCalPotential appreciation upsideAccess to primary residence financingPotential tax advantages (including 2-year capital gains exclusion)Option 2: Skip primary, go straight into rentalsDeploy capital into short-term or long-term rentals (likely out of state for better cash flow)Focus immediately on building income-producing assetsMaintain flexibility while rentingOur priority long-term is cash flow and building a scalable portfolio — but we also recognize the potential stability and tax benefits of owning our primary.For those who’ve faced a similar fork in the road:Did buying your primary first help or slow your investing journey?

The BiggerPockets team is excited to announce a new addition to our Pro membership: exclusive discounts on investor loans and insurance, two of the biggest expenses in real estate investing.

The BiggerPockets team is excited to announce a new addition to our Pro membership: exclusive discounts on investor loans and insurance, two of the biggest expenses in real estate investing.

My understanding is that the Section 121 Exclusion can help: How can I ensure I'll eventually qualify for the full Section 121 primary home sale exclusion after it has been a rental property for several years I plan to hold the new lake house in an LLC for liability protection while it's a rental.