All Forum Posts by: Brian Rudd

 Nathan, 

Thanks for the detail and example. It will be a corporate entity involved in a long term luxury hotel development looking to house their project managers. I made them an offer before I saw your post and it pencils out close to your formula except the deposit I asked for is too low. This will give me some ammo to negotiate and I agree that locking them in now is a good plan, especially with uncertainty in the housing market ahead. 

Thx! Great tips and I knew there was a form but didn’t know what they’d call it🤙🤙

Hi, 

Writing up a lease agreement for a duplex. Tenant would be a Hotel/Dev Company and they will house their employees. What should I include or consider in the lease agreement beyond a standard lease? What should I be wary of ? Thx!

If I understand you right the amount of house that was completed 1 year prior to sale and the value of it at that time could be treated as long term cap and the remaining value would be taxed as short term?

Thx David

Just finished construction on a duplex that I have a construction to primary residence permanent loan on with intent to occupy but after construction my life situation has changed and now I’m looking to sell.

I know that flipping, or homes built with the intention of sale are considered inventory and taxed as reg income but this wasn’t and I have owned the asset for over a year though I have NOT owned the completed home for a year. long-term or short-term cap gains?

Oops, meant to reply to Caleb. Thanks for the reply! I think appreciation will slow but continue up. Tempting to sell when things are ridiculously overheated but I like your recc

Thx! Sensible. Most likely what I'll do. The lure of a big chunk of cash to put to work is tempting but riskier

Hey everyone I've been running the numbers and stewing about this just want to see what the opinions are on here.

Situation:

I have a primary residence that can be sold for $350k to $400, 000k profit, with  250k tax free

PITI :$1100/mo

Gross Rents: $2800-3200/mo

_______

Finishing a duplex build rn that will be able to be moved into next month. Planning to house hack. The basement unit will cover the note of the duplex. ~$2000/mo

OPTIONS:

A. Rent current primary, rent basement, cash flow for at least one year then reassess possible sale of duplex to avoid short-term capital gains and get my feet under me as a first-time landlord.

B. Sell primary, reinvest the proceeds into a commercial property/index funds. House hack duplex. 

C. House hack duplex, rent primary, takeout HELOC or Cash out refinance to fund further investments.

What would you do??