Charles Perkins You mentioned that kitchens and baths are not everything.

So I am making plans to buy my first REI 1-3 years from now.Charles Perkins That is awesome!

You could also borrow against the note without a tax issue, but if you sold it taxes would be due.....IMO, Let's see if we can ring in Charles Perkins, on possibilities.....

Charles Perkins do you have room on your property for a billboard?

Originally posted by Charles Perkins: I don't mind the inspections per se as long as they really are reasonable.

Even if the lender will only do a 10 or 15 year loan, Dad can make the same monthly payment he is now and still retire the loan in about 8 years.I think this is where Charles Perkins was headed with his response.Definitely don't want to borrow from the 401k.

Steven Hamilton II and Charles Perkins, is there a requirement that anyone qualifying for a home office deduction must elect to take that deduction?

Charles Perkins & James Vermillion - Thanks for the comments, guys.

If you ever want to verify something an accountant has told you please don't hesitate to ask Charles Perkins or myself here.

Originally posted by Charles Perkins: Generally though if you are flipping this is business income subject to self employment and it doesn't matter how long you hold it.This is the heart of my original question.