
24 February 2025 | 8 replies
Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines.

28 February 2025 | 6 replies
They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains.

23 February 2025 | 6 replies
Hi Bobby, can you expand on your question a little bit, what do you mean by where to start?

1 March 2025 | 2 replies
Choosing the right lender for a HELOC (Home Equity Line of Credit) can make a huge difference depending on your goals.

27 February 2025 | 0 replies
It had some value add components to it so there was plenty of meat on the bone.

3 March 2025 | 0 replies
They must ensure that all workers on the multifamily construction project earn income that meets or exceeds the rate of prevailing wages.What buildings qualify for the tax credit?

3 March 2025 | 11 replies
How about a credit against their final month’s rent, assuming all payments are made on time?

28 February 2025 | 5 replies
After I bought my place, I found a tenant on Craigslist.

1 March 2025 | 3 replies
@Alec McGinn research the rental market history.How many units typically on the market?

24 February 2025 | 16 replies
She's been on the Tax Panel at BPCon with me for the past few years.