There are plenty of mood boards and renovation material ideas on there. 

BUT, I am sick living in construction and would like to move to a new home and then finish fliping and sell or hold the two homes asap.

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

I am a buy and hold Investor in this area, for sure!

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

I'm a digital nomad who purchased a 4plex in Carson City, NV a couple of years ago as a buy & hold.

Hi LaShon, I do recommend an LLC to hold your investment property(s), especially if you have significant personal assets.

Keep your momentum going, and don’t hesitate to reach out if you want to bounce ideas or discuss a deal.

There are STR opportunities or good buy and hold.