A “qualified rehabilitated building is any building:Before the beginning of rehabilitation was placed in service as a “building”That has been “substantially rehabilitated”That is a depreciable propertyClassified as a certified historic structureWhen should I claim this credit?

We had a substantial amount of equity on our primary residence that was used to provide financing with no money out of pocket.

New listings were down slightly, while the number of active listings was up substantially compared to this time last year.

“New construction” is defined as brand new construction as well as any “substantial rehabilitation”, upgrading projects and renovations.What if I’m unable to use the tax credit this year, does the 45L tax credit carry forward?

Based on thousands of dollars invested in improvements and repairs, I believe I can substantiate a 20% increase.

I just want to stay sharp in the dental field and potentially help the process of getting a bank loan.I have enough free liquidity to purchase a home in cash and will have a substantial amount left over.

We definitely up-charged and it was quite substantial.  

As long as it is a substantial balance, minimum of $10K, I would use it to offset the slightly low income.

If I understand correctly, you own a substantial amount of equity in house 1 (the one you currently live in) and you're taking out a HELOC on it to have capital to purchase another home which you plan to fix up to some extent to live in.

For this reason, i would suggest you stay away from FHA financing as the loan type itself is much more stringent on property condition. it is feasible to make this work, as long as you're not looking at something needing substantial renovation, but i have seen issues with chipping paint (just one example) which FHA is not cool with.