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4 November 2016 | 23 replies
You'd get a hybrid of benefits of primary residence for 1/4 of the property and the other 3/4ths of the property you can depreciate, and write off expenses as if you're running a business so it provides a tax shelter for your business related activities while simultaneously still providing you that tax free primary residence exemption (IRC 121) on 1/4th of the sqft of your home so 1/4th of 250k single or 500k married means you can get 1/4th of that tax free of the gain potentially.
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10 April 2016 | 15 replies
When you reach the desired "width" of flip properties, you use to the profits from all these simultaneous flips to buy holds (among other uses for it).
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28 April 2009 | 3 replies
Based on my experience: - Interior and exterior can be completed simultaneously (assuming the exterior is solid enough not to compromise the interior during inclimate weather)
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11 October 2018 | 66 replies
There are ways around it, like doing a simultaneous close, but you're going to need to put in an offer with proof of funds.
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8 July 2008 | 5 replies
I am looking for a good title company that is experienced in doing simultaneous closing for option deals and selling houses to rehab investors.
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10 June 2009 | 11 replies
Thanks Justin, The title companies I talked to so far doesnt allow simultaneous closings but I will keep calling more places.
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6 July 2017 | 21 replies
We're able to access it simultaneously.
9 December 2023 | 23 replies
You can't lock in your section 121 exclusion and simultaneously convert your primary residence to business use forever.
12 March 2019 | 5 replies
(Package a, b and c) all totaling up to the down payment needed.Realistically I can build 10 homes simultaneously.
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28 September 2016 | 8 replies
can I just make an all cash offer w/ a 30 day close window and farm it out to an investor and do a simultaneous closing?