Will the mortgage companies look at the property as commercial if it is held by a single member LLC?

Instead of selling of the loans on the secondary market to Fannie Mae, the loans are either sold to large Wall Street investors or held/serviced direclty be the lender.

The definition of like-kind in a personal property 1031 exchange is much more specific, so if you are selling a mobile home that you have held as rental or investment property you would have to acquire another mobile home that you would also hold for investment purposes.

In addition, the annual OREIA convention is being held October 25-28 in Columbus.

The relinquished property must have been held for investment (not for sale).

The whole thing felt like a game of poker the only difference being you can't bluff the 10% down.

Sellers paid points and were very creative, so buyers who held for the long term could negotiate some good deals.

The carpeting down there held the water since the place is closed up and the only areas that dried are the ones near the windows so the sun light could help out.

It’s best if the funds are held in a separate account for the sake of simplicity but I’m not sure if it’s required, I use a property manager and they handle that stuff..

When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain?