Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

Your local bank may be vetting your finances and telling you 15 percent to decrease their risk.

I am already starting to see more activity in the market as the interest rates drop, across my listings and also more of my buyers becoming more active, I am sure this will be a domino effect and eventually cause sales volume to increase across the market as a whole both locally and nationally, DOM to decrease, and create a temporary FOMO in the market if rates drop to quickly.

My basis would then be decreased by the $ amount I sell.  

Does that just increase your hold time, so decreases real estate activity?

Before you look to see if there are ways to avoid paying the tax, you should have an idea of how much tax you will pay.If the tax burden is small / zero, there may nothing that you have to do.If the tax burden is large, then you may want to consider some strategies to decrease the tax burden.Best of luck.

Closed sales have decreased by 6.9% year-over-year, with 880 transactions in July 2024.

I know it is painful when you have bern decreasing the rent already.  

Well that's what I'm trying to figure out, from a room-mate perspective, if the decrease in what the two non en-suite bedrooms needing to share a bathroom with a third (fourth in total) roommate is worth the extra rent I could charge. 

Lots of our clients are interested in mini splits, but they always seem too expensive...all our subs tend to only like Mitsubishi, which is pricy.The heat pump will indeed still function in colder temperatures, but its heating capacity gradually decreases as the temperature drops.