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6 December 2024 | 15 replies
Never had a problem with mine at my personal residence then again I'm sure tenants run it hard.
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5 December 2024 | 14 replies
Quote from @Donald Hatter: Pros:- Builders have many homes to sell at one time so it is easier to negotiate a better deal than with a home owner in the same neighborhood who is trying to sell their primary residence - Buyers bust out of deals all the time and builders don't like holding completed homes- Lower maintenance which leads to easier property management expenses.
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9 December 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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12 December 2024 | 37 replies
@Mary Lopez I'm also a California resident investing the mid west.
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2 December 2024 | 11 replies
You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.
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10 December 2024 | 25 replies
There are companies that buy properties, renovate them, place a resident in the home, sell to an investor then property manage for the investor as well on the back end.
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5 December 2024 | 10 replies
If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.
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4 December 2024 | 8 replies
In 2017 we started our journey with long-term buy-and-hold investment properties in the Memphis, TN area after selling a property that we were losing money on every month in NOVA that we purchased as a primary residence in Jan 2007 (talk about all-time bad timing) and then had to move with the Navy in 2009 (2nd all-time worst timing).
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4 December 2024 | 2 replies
However if you are attempting to use rental income for your departing residence that's where it will be a little tricky...
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4 December 2024 | 17 replies
I own a house that I am living in with a VA loan and want to buy a different home and move into that as my primary residence and rent out my first home.