Dishwasher drain not up to code. etc., etc., etc.He is writing all kinds of things down that are not up to code, but this is the way that the homes were built years ago.

Yes.Disclaimer: I'm not a tax professional, just a real estate investor who's familiar with tax code.

The two units that you rent out would be reported as rental property and the one unit that you live in would be reported/treated as your primary residence.In the future, when you sell the triplex, the two units that you rent out could be structured as a 1031 Exchange transaction and the one unit that you live in as your primary residence would fall under Section 121 of the Internal Revenue Code ($250,000 tax-free).

I am considering the 28212/28215 zip codes as the rents are pretty decent on those zip codes.

Code Title 12, Chapter 13, Section 1701j-3 limits a lender from accelerating a note when there is a transfer to an inter vivos trust in which the borrower is and remains a beneficiary… I forgot to mention, a land trust is an inter vivos trust.Once the transfer is complete, your property will be titled in the name of your trust.

., you should be trying to reach out to the city or county building/code enforcement department and they should be able to give you all the information you need.  

Hi @Mario Furmanczyk,95% LTV might actually work.What is the purchase price and zip code? 

Also include a preferred zip code.

Unfortunately, posting about building code issues and local permit rules can only get you advice that may not be safe.First of all, as an Architect, I can assure you that pulling a permit is the most important thing you could do.

I haven't yet cracked the code to getting more sellers, like most brokers tell me is crucial to my business, but I have cracked the code (at least for me) for buyers.