I remodeled and added a bedroom to the original house, and then built the second house after.  

Our original inspector noted a drainage issue on the north side because of improper sloping.

Originally posted by @Tom Cooper:Thank you Pavlos.

The overall gain on the sale of the original property was over $500K, and I received $500K in cash.

Also, to make your money go farther, cutting down closing costs is a great way to do that, We can help with that, which is why we offer 1 point Origination Fix and Flip loans.Is sounds like you already have a portfolio, you may want to look at refinancing your existing portfolio to free up cash for future purchases, the buyer's market is only going to last so long as these interest rates are being cut.

Originally posted by @Ram Batchu:Hi Everyone, One more Canadian Investor interested in investing in USA :-) I have gone through some profiles of Canadians and I see that they are living in US.

I've had several bids, all much higher than the original, unrealistically low contract price, with of course a lot of variety in the price, experience, and track record of various builders.

Changing the name allows you to retain all the current accounts and credit history while ensuring the LLC reflects your new purpose.If you're concerned about privacy, consider changing the name while also updating any public records to reduce the chance of someone tracing the LLC back to its original purpose.

I purchased a property originally for myself but have decided to build a duplex and rent it out. on the second half of the property have plans for a 6-unit building.

It allows you to write off the remaining value of the original roof, while putting the new roof into service for depreciation.It’s advisable to push for the partial disposition to maximize your tax benefits, even though the insurance proceeds themselves are not taxable.