Developer from Nashville here and just acquired some property for renovations.

Hey,I a house under contract that has structural issue, a pretty serious one.

This changes everything for house-hackers and investors seeking multi-units.

A residential loan is a mortgage loan on a house, condo, townhouse, duplex, triplex, or four-plex.

@Casey HamptonThe capital gains tax scenario for selling a primary house entails excluding up to $250,000 in gains as a single filer and $500,000 as a married couple filing jointly.

You must use numbers that are representative of the property’s condition if you are not going to renovate it before putting it in service.

Makes me wonder why more of them aren't making proper efforts to educate themselves on value and instead think that a house selling for say $250K is a great deal because it is much cheaper than houses where they are from.

Are you doing large scale renovations for the property - or did you just use Hard Money for a quick close?

I have a background in design and come from a long line of handy people as my Grandfather and Father have both done their share of renovations and home construction.

They met in person and looked at the house.