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24 September 2024 | 8 replies
The particulars are:Total SF: 5160Roof: Shingles, replaced 2001Plumbing: Mix of PVC and Copper, updated in 2014-2023Heating/ cooling: forced air, 3 furnaces replaced in 2014-16, one AC replaced in 2014Electrical: has been updated periodically from 2014-2023.
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25 September 2024 | 96 replies
I normally have a 30 to 45 day grace period on my option contract, to locate my end buyer to assign my contract to.
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26 September 2024 | 17 replies
I can do 80% cash out with no seasoning period. feel free to reach out !
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22 September 2024 | 13 replies
Ask your current lender to extend ....
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25 September 2024 | 20 replies
If you want $80,000 in cash flow from SFH rentals forget it, too much needs to happen in a one year period.
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23 September 2024 | 9 replies
Were very hesitant to rent it out to such a large party because we did such a great job updating the home and we feel that all that work may get damaged in a short period of time.
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23 September 2024 | 1 reply
While there's no specific holding period required by the IRS.
28 September 2024 | 19 replies
For example, IRC § 1014(e) specifically denies basis adjustment on property that is gifted during the one-year period prior to the decedent’s death, that is then reacquired by the original individual who transferred the property.
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23 September 2024 | 20 replies
Currently, we have a homeowner's policy which extends liability over the rentals.
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25 September 2024 | 14 replies
Since your primary address was the condo as of your last tax return, you could argue that you maintained a primary residence there, even while living abroad.In case if you don't complete the desired period, I guess you will be able to claim partial exclusion as from your question I understand that you left the residence due to employment purpose.