The deadline is very strict, and the custodian must receive the money by the deadline.If it's anything other than A or B - there could be some important complications.Once you acquire the property, ideally you should limit your personal use to no more than the greater of: 14 days, or10% of the total days you rent it to others at a fair rental price.If you exceed this number, your tax deductions will be limited.And when I say "personal use" it does not mean just you.

. $1.25 million seems like a fairly large price tag for a house hack.

I mean I am an accidential builder.. having foreclosed on builders in the crash and having to finish the projects... so I have some very special education you only get when it happens to you and you have to figure it out.. was not pleasant. and it cost million or so.. but I got out.. and then I realized Hey since as the lender I am taking all the risk I mine as well just do this myself.so here we are about 150 plus new builds later and things are pretty good.Now to be fair my rock star in Charleston build a home last year then calls me and says OOPS house is 1 foot to low we have to raise it.. that's a brand new 700k home that has to be raised a foot.. cost 30k..

I'm in Purchasing by 9-5 profession, so the analytical side of the business has come fairly naturally to me and I've been assessing MLS deals daily for the last month or so.

I am a fairly new Wholesaler based out of Charleston, WV I am looking to connect with other Wholesalers and Rehabbers from around the United States.

I do plan on moving a portion of this amount into my bank but wonder if it would still be honored when qualifying for financing since it is a fairly liquid account.Thanks in advance!

Most of our tenants have the payment processed 7 days before the due date to ensure we receive payment in a timely manner.

Tough to make out exactly what he was saying.To see what he’d say, I offered to have my attorney set up an escrow account (at no cost to him) to hold the $5600 for us and to help us complete the transaction, to which he responded that would mean he would not have the funds then available to pay for the due diligence activities, and that would not be fair to him.Suffice to say, when he outright declined to do business using legitimate methods, I knew for sure this guy was a scammer.

Hopefully things are moving forward for you two.It’s fairly easy if you study and prepare for it.  

Please answer only if you KNOW the answer to the question, meaning you are probably an attorney who specializes in this area or you have significant Fair Housing expertise or experience.In reference to 42 USC Section 3603(b) provisions that exemptions otherwise available (such as for an individual who owns 3 or fewer SFRs) do not apply if the landlord uses the services of a real estate, or someone in the business of buying or renting real estate.