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7 March 2024 | 9 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion.
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6 March 2024 | 2 replies
With a ton of equity, and by all means, we are wanting to take advantage of the 500k tax exclusion if possible.There is also a probability that we will move back into this home in the future, let's say in a few years or so.
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6 March 2024 | 5 replies
That said, there’s nothing like folks who are exclusively in it for you.
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6 March 2024 | 2 replies
Most insurance companies won't insure them, and most lenders are hesitant to provide financing for them, which makes the sale even more challenging.There are, however, investors who specialize exclusively in mobile homes.
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8 March 2024 | 77 replies
“Deal dog” daily email sends me the same crap from Craigslist (other wholesalers listing properties) and auction.com (exclusively foreclosure auctions).My three day cancellation window has passed, but one more strike (testing again tomorrow), and I will fight tooth & nail for a refund.Not happy thus far...
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12 March 2024 | 250 replies
.; 5. exceptions to coverage such as restrictions and easements that burden the property; 6. exclusions from coverage such as governmental actions.
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5 March 2024 | 3 replies
My question is when we sale are we able to get the primary residence exclusion and not have to pay taxes on the 85k profit (100k gross-selling costs)?
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6 March 2024 | 13 replies
Thank Hey Eric,DSCR is a tool like any other loan product and as others have said, it will help you to scale, but you can't live in/house hack the property.Full disclosure; my company does DSCR and hard money for fix and flip exclusively and I'll tell you the same thing I tell all of our clients-exhaust the opportunity to use conventional financing BEFORE you dip your toe in the DSCR world.
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5 March 2024 | 8 replies
Be sure to include in your math the loss of the section 121 exclusion on your $50 gain in value.BP members often ask if their former primary residence makes a good rental and in most cases it does not (unless pre-planned as such).
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4 March 2024 | 20 replies
If you are allowing dogs - make sure the tenant's renters policy does not have exclusions for dog bite and/or dog breed.