How much money should a buy have saved up to purchase a home?
There are down payment assistance programs where a buyer can get a grant for their down payment and purchase with only $1000 out of pocket. However, they will still need about $300 for an inspection.
For most buyers they will need the following:
Earnest Money Depo…
How Much Will I Pay In Taxes When I Sell My Rental Property?
The number 1 question we get from people selling a rental property is how much am I going to have to pay in taxes when I sell it? And the answer could range from zero to some money.
So normally, if you’ve lived in the home for 2 of the last 5 years, you may not have to pay any taxes when you sell the home as a married couple, you can be exempt from $500,000 of profit on a rental property. And as a single person, you could be exempt from $250,000 of profit on a rental property. But if you have not lived