Based on Oahu, we're looking to buy a piece of property zoned for a duplex and build on the property with the intention to live in one side and rent the other.

My intent was to make the condo unit more appealing, so it can be rented out at higher rent with longer tenancy.

So if you are putting out a letter of intent 3 times a week; possible put a 2-3 business days expiration or something similar.

Ill pass this information on to my mom!

Have you started to format your goals and intentions?

They always said“You need to have the intention of moving in”With that being said if you move forward with the loan and just simply rent it out, almost never will a mortgage company find out, but it is still mortgage fraud and they can call the note due at any time.

That being said, you could still intentionally dispose of the appreciated securities over time to spread the gain out over multiple tax years.

Properties purchased with the intent to sell immediately thereafter are not eligible for 1031 exchanges.Regarding the tax return, completing the form for an exchange is normally considered difficult.

My wife also used to work for a property management company as the account manager, father has a MBA, and I have experience as a mechanic and technician.My parents will be selling their previous home next year with the intent to invest the equity.

I just read your posts and numerous comments from others on your intent of your first FL vacation/rental home - I thInk a year ago now.