Paragraph C-59 of the HAR Standard Purchase Contract (formerly the DROA) is an OPTIONAL, yet detailed, provision concerning Termite Inspection and treatments.Your Lender will likely require inspection and treatment (of any live infestation), and IMHO, rightfully so, given the voracious appetite the little buggahs have around here...

Am currently rehabbing a house and can hear the water gushing under the house (Crawl Space) when toilet is flushed. I'll be cutting into the floor and fear that there may be raw sewage under the house (the leak wasn'...

Our next purchase though is getting the hardwood treatment where it's needed.Thanks for your replies.

Property acquired and held for sale typically does not qualify for 1031 exchange treatment.

It would be long term capital gain treatment and taxed at the 15% rate.

When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain?

I can however look back on when I was in the Peace Corps in East Africa and remember a couple great examples: One day, I am waiting on a bus from my village and this other whitey (we stuck out like sore thumbs) walks out of the bush and onto the bus.

Decide if the S comes with some liability from the past before putting assets into it.Both the S and the LLC have pass through tax treatment.

You have to hold them for one year to get capital gains treatment on them.

The neighbors LOVED that I (or anyone for that matter) was coming in and fixing up the eye sore... anyway, i was renting the top floor to my step daughter while rehabbing, and she had this boyfriend that she was trying to get rid of who kept coming around and hanging out (stalking) her at all hours...