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18 February 2025 | 9 replies
As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component
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19 February 2025 | 13 replies
We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.
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8 February 2025 | 12 replies
It's exciting and can be overwhelming at the same time!
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7 February 2025 | 16 replies
With an owner-occupied loan, you can buy a house with 0-5% down and get 30-year fixed rate financing so you're not dealing with adjustable rates if rates go back up and not dealing with a balloon payment in 6-24 months which is plenty of time for an experienced investor but not a whole lot if you're new.
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31 January 2025 | 2 replies
Currently, I have a weekly check in with my current contractor, but alot of time it is a chasing game.
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24 February 2025 | 1 reply
Once again, proofreading is helpful to avoiding these time lapse mistakes that make your post sound out of touch.Finally, I hope all you say about the opportunities that will occur with Trump work out for you and your plans to score big here, but is there a "subscribe" button that I am missing from your final comment?
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19 February 2025 | 4 replies
Make no mistake it isn’t quick or especially comfortable but it can definitely be profitable.As for the rent a room thing in most locales I have to wonder if the additional rent is worth the hassles of dealing with the increased time and liability of multiple tenants in one property but that’s a totally different conversation.
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8 January 2025 | 6 replies
Such strategic zoning decisions bolster the provision of affordable living spaces, invigorating local economies by amplifying the consumer base to support nearby businesses.
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7 February 2025 | 14 replies
They will give you a few minutes of their time and tell you if their products are right for you.
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5 February 2025 | 17 replies
Unfortunately, timing was about 2 months late and the market went dormant for larger homes in our area around late August when we had the home finished.