26 November 2017 | 14 replies
Well, actually I guess there is -- anywhere from about 30 minutes to about 30 hours, depending on the details of your trip...Likewise with rehabbing -- it should take you anywhere from about a day to about a year, depending on the details of your project...And much like flying, the goal is to get from point A to point B in as little time as possible, without crashing and burning...
26 November 2017 | 3 replies
Generally, insurance payouts reduce the basis in the property while the funds spent to make the repairs either increase the basis or might be able to be expensed all at once, depending on the nature of the repair/replacement and total funds spent per item.
27 November 2017 | 3 replies
Depending on what city you are moving to; $500k may still be within FNMA/FHMLC High balance loan limit.
26 November 2017 | 2 replies
Depends on what area and the details.
26 November 2017 | 5 replies
Depends on actual numbers you can produce.
5 December 2017 | 27 replies
Depending on the state, this means they must give you proper notices and publish proper notices of foreclosure and set a sale date to sell the property at auction to the highest and best bid at a date in the future that is no less then the law allows in that state.
5 December 2017 | 8 replies
The house was built in the 1930's about the same timeline as the previous house I just rehabbed and rented (Pushed about 40K of equity depending on the appraisal, and only spent about 13K for the rehab) the ARV on the new triplex is about $230k with about $10-15k, all together worth of rehab work as each tenants leases come up, and I'm talking basic interior paint, some vinyl floors throughout except bathroom, and any nick-nacks throughout the units, not a full scale rehab as I did before.
27 November 2017 | 3 replies
Any guidance on this would be appreciated.Sebastian It's scenario dependent.
30 November 2017 | 11 replies
It may be market dependent, but an expense that I haven’t had an issue with passing on to my tenants.
26 November 2017 | 7 replies
Keep in mind that you would still be on the hook for any depreciation recapture.If you do not qualify for the 2 years, you may be entitled to a partial exclusion depending upon the reason you moved.