Essentially lower my taxable income by $117k?! 

They could even hire you to do the work on the house and instead of paying you they could just give you a credit at closing.

Transparency and professionalism are core to how we operate, and we ensure all properties have clear, insurable titles before closing.

Do you want something close to you that you can go look at for yourself or are you okay with investing in something far away that you would probably have to fly to if you wanted to take a look at it in person?

There are so many options for LVP now, from lower priced to higher.

Have you lowered the price at all?

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

Just wondering how many folks would really use this that are like I said not really educated on how title and escrow works and I find East coast folks to be highly reliant on closing attornies and have very little knowledge of title and escrow functions..

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

A balanced market typically has around 6 months of inventory, so anything lower suggests a seller’s market with limited inventory.🎆 Las Vegas Rings in 2025 with a Bang!"