Keep a portion of his deposit as an inconvenience fee and make sure the property is turn key spotless.

Hello,I used a portion of my HELOC a couple of years ago to invest in a property development.

To confirm, the idea is that the owner would exchange proceeds from the home sale,  for fractional ownership in an REIT institutional grade property with an intermediary (1031 portion).  

But, for the sake of the renovation portion I would greatly appreciate the thoughts and opinions of what options you all recommend and what has worked well for you.

I'm not well versed with the compliance portion of my 401k.

Usually the northern portion of the country has this issue.   

That being said, people can definitely be messy and I find myself doing a good portion of the dishes.

Capital gains are typically reported in the year the sale occurred.Holding Period: Since you sold the first parcel in 2022 and the second parcel in 2023, you would report the gain from the sale of the first parcel on your 2022 taxes and the gain from the sale of the second parcel on your 2023 taxes.Cost Basis: The cost basis for each parcel would be the portion of the total purchase price allocated to each parcel.

So essentially you will need money for ten percent of the purchase price, the first portion of the rehab, and holding costs to pay the hard money payments monthly and taxes/insurance. 

I'm looking to BRRRR this property, and hoping to be able to provide a bonus out of the refinance portion.