All Forum Posts by: Sean H.

Help me understand this thread. I see a wholesaler trying to prop up a horrible city, to try to lure out of state investors to buy properties from them. Why have the moderators not moved this thread to the marketplace?

Ive never heard of fenced panels being used as siding. They are treated, so i wouldn't be as worried about the weather resistance of the panels, but more about the ability of the water to make it behind the "siding." If it lapped siding, you need something beveled to replace it. Where's pictures?

Help me confirm my google search, so i can avoid the trouble of doing a 1031 before my property closes.

I have owned this house for more than a year, (i can't claim it as a primary residence, but i think that only matters for 2+ years, right?). I just want to make sure if qualifies as a capital gains tax, and not added to my income. I just went into DD. Im going to make 180k profit on the house. During this year i had no other source of income, so my only "income" is this house.

So, my question. Since i had no other income, i assume i fall under the 38k dollar income bracket, which would put me at a 0% capital gains tax? Am i missing something?

Im just talking about about a drafter, who draws up the plans. Not a full architect who overlays planning and code. If that was the case, i would have no problem with that rate. Albeit, i have become acquainted with a lot of the codes, after building several houses.  After a quick google search, it seems revit is 290/month and autocad is 200/month! Where are you going for 50/month?

I'm getting tired of paying a drafter 125/hr, to create my design. I would like to take the steps to start designing my own houses that i build. I read a lot of blueprints, so i have a general idea of how to layout them out. I just need to learn a software to create them. They will need to easily pass the planning department. 

I heard a lot about sketch draw. Is there a good step by step book you can direct me to that has good direction? 

I'm about to sell a property for 300k, my capital gains will probably be around 100-150k. I don't like to mess with rentals, so im trying to figure out if there's any way i can make a 1031 work in the flipping world. The lots i usually buy are 100-150k. 

If i understand a 1031 correctly, if i sell the house for 300, i have to put all of the 300 in the 1031. Is it possible to put 150k towards the lot, and 150 towards the construction?