- most lenders will lend between 65-75% of the resale value, and may offer a variation such as 80-90% of purchase price including or excluding rehab costs up to 100%.

This appears to relieve @John Laney's dad from the 1098 reporting requirement.Next, from the 1099-INT instructions:"Interest excluded from reporting.

Sometimes these deductions can be taken on either the final 1040 or the 1041 OR the estate tax return so the in-laws will want to work with a good CPA or attorney to plan accordingly.You also may want to talk with an attorney in order to see if the ranch can possibly be excluded from the decedent's estate depending on how title was held. 

appreciate your post....I have a few questionsa) Builders fee excludes costs of permits, design and engineering, appraisal ....right??

My bad I should have excluded veterans as a protected class..

You meet the definition of an accredited investor if you have: Over $1M net worth, excluding any equity in your primary residence, orMake over $200k/year if you are single*, orMake over $300k/year if you are a married couple*.

yes, sorry josh, didn't mean to exclude you...lol.

I was in the same situation for quite some time, unable to come up with estimates, and trying to form strategic partnerships with general contractors who would give me a written estimate that they would honor if my buyer hired them.Anyways, about a month ago, another wholesaler in my local area told me his rule of thumb - a full rehab, excluding foundation repair (which is common in Texas), should cost at or below $15 per square foot with a cost competitive general contractor, and closer to $17-$19 per square foot with a more expensive GC.I took this rule of thumb and ran with it, comparing it to all of the emails from other wholesalers that I receive, and it holds true, at least in DFW.

Racing and stunt driving/riding are excluded on auto policies.

If you are going through your brokerage, then they will probably lend 50% of the current stock value (some securities, such as penny stocks excluded) through a margin account.