Michael B.
BRRRR ? Refinance questions
24 August 2016 | 5 replies
., there is the delayed financing exception that could be applicable to your situation, but you've already waited 3 months so I'm going to suggest it might be easiest for you to just wait the second 3 months to bring you to the six month mark.At this point you can refinance using current market value.When the appraiser shows up, provide paperwork documenting all of your improvements (excluding any improvements that need permits, that you didn't pull) and, assuming you didn't do any unpermitted work, go ahead and share the old appraisal with him.
Paul Parker
Pros and Cons on New lead Law
25 August 2016 | 19 replies
At this point i am going to see how it all plays out, if the threatened lawsuits come to fruition and as stated earlier, even though my properties are currently excluded from this, i am going to have them tested and abated if need be just because its the right thing to do.
Bryan Detweiler
Hey! I'm a brand new member from Ohio.
26 August 2016 | 5 replies
We kept the first one for two years before selling to exclude all the gains from capital gains tax.
Michael Malloy
Need info on Insurance Clue Report for Rehab
31 August 2016 | 5 replies
If it has lifted shingles, patches etc, in such cases the options are basically; fix it (new roof etc), exclude wind/hail (fire/lighting only), or NOC.
Darrell Biddings
Real Estate Investment Seminars
28 August 2016 | 4 replies
I own 2 commercial properties that i did complete inside demolition to and rebuilt everything from top to bottom excluding the 4 exterior brick walls.
Rigo Medina
Taxes after selling a property
29 August 2016 | 6 replies
If so, you might qualify for section 121 exclusion, in which case the 10k would be excluded from your income.
Daniel Johnson
How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
You add transactions with my suppliers, about 100 Purchase Orders a month (excluding HD), you add my gas, my employee's gas which I give a weekly budget, add any meal refunds for legit claims.
Shane Phillips
New member living/working in Los Angeles
1 September 2016 | 7 replies
Given that I'm looking to buy a home to live in anyway, and the mortgage on a single family home (or a condo with HOA fees) seems only just barely in reach and unnecessarily expensive, do you think there's still value in buying a place in LA if I can find something that's roughly zero cash flow—excluding tax benefits, and assuming I'm paying $1,500-$1,800 in "rent" for my unit in the building?
Pat Reilly
What is the IRS definition of a flip
6 September 2016 | 4 replies
Would a day trader be excluded from using their funds?
Paul S.
1st Deal - How Low To Negotiate Price?
23 August 2017 | 10 replies
First deal to get my feet wet in REI but have quick question.In contract with a property that I expect will cash flow $70-150/month (10% vacancy, 10% PM, $100/mo comb. capex/RM); cash return of 7-13%, excluding what I'd pay myself to self-manage.2/1, rentable condition, listed at 52, offered 32, in contract at 41.5.