@Sheena Varghese For flips taking over a year, the IRS treats them as business inventory, so profits are taxed as ordinary income, not capital gains, regardless of the holding period.

If you are doing a BRRRR and leaving older items in place, not updating electrical and plumbing, I think you need $300 t0 $350 if you are just getting started.

This is a plus.Transparency and reliability – Ask about their process for keeping clients updated, especially on long-distance deals.

Can you extend the DD period?

I keep it updated with all sorts of local stuff.

Next month I'll show you the updated score with my balance paid off, it should shoot right back up again.You don't need to do this all the time, but I make sure to do it for the three months before I take out a loan.Image 1Image 2

A couple of tips to get the most of your post: - First, upload a profile picture and consider taking 2 minutes to update your bio.

I update them for the higher end buyer and focus on guest experience.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.