Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
This strategy allows them to eventually exclude up to 250,000 (500,000 if married filing jointly) of gain from taxes when they sell the property as a primary residence.Hope this helps!
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
In our 'day job' business of remodeling we have stayed just a partnership with an LLC.
Andrew Lawlor
STR to Custom Home Builds
17 January 2025 | 19 replies
I stared flipping & remodeling 3 years ago and I am now onto building multiple 7 figure custom homes.
Matt Cook
Seeking Guidance on Property Valuation
27 December 2024 | 3 replies
Quote from @Matt Cook: I would really get with a realtor that is in the area of that property and that sells a lot of homes to comp the property on what it can sell for after the remodel.
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
The guy has already stated that he doesn't live there so that alone proves that he knows that was never the intended use (is their a police report or statement for your file?).
Amanda Long
DSCR New Mexico Property/ Guarantors??
17 January 2025 | 3 replies
Assuming this is a clean file, with no exceptions required, most Underwriters take anywhere from 48-72 hours to review a loan and get CTC, or provide further conditions.
Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
Curious about the reason, I consulted my home insurance broker, who informed me that the property had a water damage claim filed a few months ago, which is causing insurers to be cautious.This information surprised me, as it had not been disclosed by the seller.
Lee Miller
SFH to Duplex conversion in Chattanooga
1 January 2025 | 7 replies
IME with due respect to architects they are not generally necessary for simple remodels.
Brandon Simpson
Should I stay away from properties that have been on the MLS for a long time?
5 January 2025 | 8 replies
When looking into it, the basement had water damage that didn't worry us since we knew how to remodel that area ourselves.
Geoff McFarlane
Sell our home or rent it out?
5 January 2025 | 6 replies
If you need cash for remodeling new home do a LOC on your owner occupied house before you rent it.