Repayment of the loan must occur within 5 years, and payments must be made in substantially equal payments that include principal and interest and that are paid at least quarterly.A loan that is taken for the purpose of purchasing the employee’s principal residence may be able to be paid back over a period of more than 5 years.

Would seem you're either getting very strong $ per door, substantial leasing income, or cost of staff is relatively low.Just curious, and interesting to see the different ways people can structure the same business quite differently (even Nathan's evolution is a good example).

Purchase price: $265,000 Cash invested: $30,000 Contributors: Jonathan Timberlake A small 2br/1ba home in a quaint East Nashville neighborhood turned from a perfect starter home for us to a consistent stream of solid cashflow along with substantial appreciation in value.

You could be penny wise and a pound foolish if you save an agent’s commission only to price the property too low and lose substantially more.

If someone wants to offer up anything substantial, I'll listen.....as of now my STRs are doing fine (knock on wood), and even if they lose a little momentum, they will still out-perform LTRs for me.

We have already added a considerable amount of equity to the property through our renovations, but by purchasing the 20 acres and adding it to the current property it will increase the value substantially based off of local comps.With us putting a lot of our own funds into the renovations, and a small window of opprtunity to buy the land, I am looking for a way to obtain the funds to make the purchase.

Another way to substantiate repairs is invoices from qualified professionals that detail the scope of work.There may be opportunity for bonus depreciation or de minimis safe harbor on certain expenses.

Seems like that would raise some audit flags, since it would appear at a glance that we have a substantial personal gain that we aren't reporting on our 1040 (even though in fact we would be reporting it on the 1065, which would flow through to the 1040). 

We had our home inspection on Thursday, Feb 3 and the inspector included in his immediate recommended improvements:"Substantial foundation cracking, deterioration and/or movement was observed in the foundation walls at the basement.

This means the seller will give you a credit at closing to have the repairs done after closing.You can imagine that you have to have a pretty good handle on what those repairs will cost so you don’t get stuck with anything unexpected.Once we get through the inspection and the seller and buyer agree on repairs, then it’s just really getting the lender everything they need to close the loan.We do a walk-through a few days prior to closing to make sure that the house is in substantially the same order as when you made your offer.You don’t want to find out that there was a flood or that they took appliances that were included in the contract…those kinds of things.We fill out a walk-through form that says that either something needs to be done or everything looks in order.