Provide proper care for the pet in accordance with veterinary recommendations or ASPCA (American Society for the Prevention of Cruelty to Animals) guidelines.

Basically, they have bid to rehab the unit for that price.Short-term profit from flips is being taxed as ordinary/active income I believe.

A lot of the reading and research I've done so far is based on the American market which is clearly a lot different than ours, so I'm looking for any info that may lead me in the right direction to start taking some steps.Thanks again for reading and I hope to hear from some of you soon!

I've seen signs that the market is slowing and we're currently in the longest ever economic expansion in American history.

If it is ordinary income than i would rather 100% bonus depreciate the carpet in which case my capital gain is still only $8,000 x 20% but not the carpet is just depreciation recapture at 25% which is less than my marginal tax rate. 

Hi,Rather than working with North American Savings Bank on a non-recourse loan and having to put down 30-40%, I would like to buy a property through my solo 401k trust using private money with a better LTV and finance some or all of the repairs.Once the property is fixed up, I would do a cash out refinance into a NASB non-recourse loan and pay the private lender back.

On the outside we would all envy his life in one way or another, this is in fact the perfect picture of the American Dream, but there's a catch.

I can't imagine American Express would be a good fit for what you want.

In May while listening to "this american life" an add came on for the bigger pockets podcast and I have been listening to about 5 episodes per week and supplementing by reading real estate and business books.

I know that American has a free market and all.