I can help you with evaluating the current property market value if you need a Virginia REALTOR's® input.

And evaluating the track record is a call that's made first by the taxpayer or their CPA, and ultimately by an IRS auditor (should one get involved). it is very true that the IRS cares about intent with respect to capital gains in real estate -- I've certainly seen cases where the statutory timelines were less important and the identified intent of the investor.with respect to determining whether you qualify as a developer or an investor, it's much more of a "forest" than the "trees"...so holding any given investment for 14 months prior to a flip is certainly no guarantee of receiving long-term capital gains treatment.I hope this helps.  

You'll still need to personally guarantee the loan and you as the borrower will be evaluated, but the property will be titled to your LLC. many people do exactly what you mentioned and form the LLC right before starting the process, so there's no issue there.

I recommend you check it out when you're evaluating bookkeeping options. 

Every deal / property has to be evaluated on its own merits.

To evaluate properties, negotiate agreements, and successfully navigate the purchasing process, make use of the invaluable tools, market data, and insights that your licensed real estate agent has access to.

Hi BiggerPockets community,I'm in the process of evaluating a condo in Columbus, OH and have attached a screenshot of the inspection report summary, which highlights several areas that need attention.I'm seeking:Estimates: Any rough estimates from experienced investors or contractors familiar with the Columbus market would be immensely helpful.

While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).

Right now I am in the study and evaluation phase and I may not need the TSP loan by the time I get to the first deal, but just trying to soak in the pro and cons of all options.Your feedback is definitely some strong food for thought on why it might be preferrable to avoid a TSP loan or keep it as a last resort when I am sure I can pay it back quickly.Thanks again for the thoughtful comment.Sincerely,Joe

@Carter McGillTo begin investing in real estate, you must educate yourself, decide on your investment strategy, evaluate your financial status, study the area market, connect with other local investors, find investment opportunities, secure financing preapproval, carry out extensive due diligence, submit an offer, and move forward.Learn about real estate investment by reading books, listening to podcasts, using the internet, and connecting with knowledgeable investors.