Many people wouldn't think about the tax implications of this until after the sale...and you're on the right track.Selling land that you developed would qualify you as a "dealer/developer" and the whole gain would be ordinary income and subjected to self employment taxes.

We don't always get along or agree, bit we respect each other.This is a long way of saying that instead of looking for a contractor who has the skills and the financial backing you might put a greater emphasis on someone who you can trust, respect, agree to disagree, etc.As for the listing, it sounds pretty easy -- especially in this market.  

The VA loan is the best deal out there for those that qualify, especially since you can get started with so little down.  

I definitely need to strengthen my networking skills :)I look forward to learning more and connecting with everyone! 

We would really like to buy a house, but don't think he qualifies because of the job change.

well, the bank is going to ask you to qualify again and put down X%.

Hi BP folks,Lets say I like to make a deal on MF unit that have cap rate of 8% and If qualified for Freddie Mac loan that will let me have 75% LTV but then can I have the remaining 25% from hard money lender (but non-recourse if possible ?

The right person has to do more with character traits and innate capabilities than with specific knowledge, background or skill.

Save money where you can, depending on time, resources, and skills you have.STEP 4.

I’m not too confident in my skills for installing a new roof but I’ve torn off several old roofs so I cannot provide advice on that.