What did it cost to build (excluding land, financing, etc.)The wood on the front of the house (darker) what type is it?

This is why, when an investor buys any property the purchase contract should address what part of the sale price is being paid for the land, the improvements and any personal property, if any.Complete the dwelling before placing it in service as a rental.Your land can be excluded a couple of ways at this point. 1. take the tax assessment value and use that. 2.

A listing broker is required to present all offers unless otherwise expressly excluded by their client in their agency agreement.In our state we have a "Short Sale Addendum to Purchase and Sale Agreement" that is a requisite disclosure, but any offer can be made by a purchaser that does not wish to accept the terms of the addendum, and as a broker I am ethically obligated to submit the offer.

You can exclude your gain; however, you will run into an issue of having to deal with some recapture of depreciation.

You'll find the answers to many questions on their site, including who is excluded from lending you money.

Must not have noticed this before, The gain may be excludable on Form 982.

There are excluded or limited items, such as cash, electronics, collections and such that may need to be looked at specifically and insured by riders or endorsements to a basic policy, if they choose to insure over those limited amounts.The issue for you is the liability coverage they obtain under a tenant's policy, that's the only concern you have and that could reduce your liability issues, so you should check with your agent.Many variables will apply in determining their liability issues and yours as well as how and when your insurance may be affected with any claim arising from negligence of a tenant.

Lacking either down payment or credit does not exclude you; however it does mean you will have to pay more - usually significantly more for borrowed money.

they want us to sign the agreement stating we will obtain financing in the amount of the agreed price minus the down payment (excluding the cost of work that will be needed--they know their is mold so it will def. need fixing)the financing clause states if we cannot get financing in the purchase price amount we can cancel.

Scott excluded!)