If your intent was to flip the property then you did not have the intent to hold it for investment purposes and it wouldn't have met the qualified use test or qualified for 1031 exchange treatment.

Therefore not subject to capital gains treatments.  

Holding a property for longer than a year doesn't necessarily qualify it for capital gains treatment.  

By simply doing this the owner is saying that the properties owned in his buy and hold entity have been purchased with that intent and qualify for 1031 treatment. 

The app fee equals about 50% of the point fees they are going to take so red flag.You run into daisy chains where people are just affiliates of a lender and have no clue how to underwrite a property or loan.

hello people,I'm anthony and I'm fairly new to BP and REI but My question is I have e center complied a list of properties in my area that are vacant and eye sores to the community.

All,One of my tenant (lets call her Julie) is the power of attorney for her mom's assets /medical treatment.  

On the other side, when I get to it (vacant doing updates so not such a hurry), I will rent a ditch witch, I am way too sore from digging the 30' trench. 

BTW paying $900 for bedbug treatment is a rip off unless they used heat treatment.

My back will be sore tomorrow from moving 4 couches and 2 large chairs.