21 April 2024 | 0 replies
I secured a low mortgage interest rate during COVID, and hoping experts in this forum could recommend VA Loan business strategies as I would like to convert our permanent home into rental property and transition into another home.1.
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21 April 2024 | 13 replies
Warren buffet used to say why jump over 1 foot hurdles when you can jump over 1 inch hurdles?
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22 April 2024 | 2 replies
The property was a 3 story former Victorian mansion that had been converted into a 4-plex.
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21 April 2024 | 1 reply
Purchase price: $31,000 Cash invested: $66,000 Sale price: $147,500 Converted an abandoned, condemned three bedroom, one and a half bath home with two rooms (one 30x15) unused/used as storage, and attached single car garage that we (my business partner and I) emptied (3, 30 yard dumpsters!)
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21 April 2024 | 41 replies
I was showing a house with a garage converted into a bedroom to some buyers this week.
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21 April 2024 | 6 replies
It sounds like you are placing into service as a rental a house that was previously a personal residence.Your basis is purchase price + improvements made to the house from purchase to the time it was converted into a rental.
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20 April 2024 | 4 replies
The issue I have here is that once those funds are gone in a few years, we will then have to cover the entire cost myself (~3k) for an indefinite period of time.The other option is convert it to a rental.
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21 April 2024 | 8 replies
I believe you can convert your primary to a short term rental without an issue (but check with CPA).
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20 April 2024 | 2 replies
Daly proved that this never took place and that all the bank was doing was converting his promissory note (the value) into credit and assigning themselves as beneficiaries to his promissory note and subsequently separating it from the deed.
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19 April 2024 | 9 replies
One of them was struck by some heavy machinery and created about a one inch wide crack along the entire height of the wall.