If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,000 in profit, or $500,000 if married and filing jointly, from capital gains taxes.

Difference this time around was the mezzanine piece of equity 20 years ago was debt financing and today it is investor equity.

It’s a bit of a fixer (good bones, just ugly) and we paid under market value for it, so instant equity upon purchase. 

Structure:  Manager receives syndication *ownership* shares via sweat equity and all the investors obtain shares by purchase.  

Thinking about making the first purchase:roughly $90K sale pricePlan to purchases with 100% Home Equity Loan 7% interest only for 12 monthsInvest $20-30K in renovations (using 7% interest loan)Anticipated value $150KThen Refinance $90K with conventional mortgage before the 12 months are up.It will cash flow $300 /month based upon current market rentals.Question: Could I also consider selling property where I finance?  

If you decide to do a value add or build you can expect a 6-10% cash on cash return on 30A with a 35-40% equity position in the value of the property.

The plaintiff attorney now sees an “unprotected” “juicy” $375K equity available to pay a creditor judgement, and of course his 40% contingency fee.   

Can only be 765 Sq ft based on primary residence Sq ft.

Propstream allows you to pull niche lists of homeowners that are tax delinquent, failed listings, high equity, or even in preforeclosure.

The code states, "A separate and independent building sewer service line shall be provided for every permitted use, home or residence per lot."