🏡 Hello, would love to hear from you, just bought a property and starting demo to do a fix/flip, but I'm really not good with choosing tiles, fixture and colors, can you help me?

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

PM stated the plumber could return Monday to assess and fix the issue or return over the weekend but incur another after-hours fee.

My managment company has made more than a reasonable amount of attempts to get the HOA to have this repaired. 

Looking forward to learning all I can about fix and flips as well as buy and holds. 

Hi Kyle, hope you find some local DC developers or fix and flip/BRRRR investors here. 

I would then use the line of credit for BRRRR's or fix and flips. 

Low LTV, 30yr fixed @4.5% personal (1)• Investment condo - new const. high end purchased w/1031 (from 20yr quad) in 2019.

Investment Info:Mobile home fix & flip investment.

To clarify, I didn’t invest in a “fund,” but rather purchased a note for a specific fix-and-flip project.