If I were to buy a seller-financed property with the intention of refinancing it in a couple years, what's the best way to set up the payments to the seller so that my repayment history benefits my credit score?
I havve the opportunity to purchase a property. The MV is approx. 180K the owner will accept 140K. The remaining payoff bal. is 110K. The prop. is in preforeclosure. The owner is motivated by gettin a divorce, and is ...
Hello All!Posting this to 1031 Exchanges because it seems most related, sorry if I messed that up!Based on what's been released about the Opportunity Zones program, I'm having trouble figuring out the following:1. It ...
When doing a 1031 exchange, I know I have to target 3 properties. I heard that I do not have to buy one of those 3, I can buy a different property not targeted, is this true?
New IRS guidance and proposed regulations were issued yesterday for Opportunity Zones!I'm going to take a stab at summarizing some of the main elements of the proposed regulations given to us by the IRS yesterday. If ...
So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
Preferential Pricing for Green Building Certified Properties
Fannie Mae offers preferential pricing on loans secured by a multifamily property with a Fannie Mae-recognized green building certification.
Green Buildin...
I am trying to figure out how my accountant has accounted for expenses associated to my non-rental long term homes.
Say at year end I have 5 homes n inventory and sold one house I had held for over 1 year
Furthermo...
Trying to structure the purchase of a property at favorable terms for the seller in order to negotiate a lower price.
Property: 2 unit for $300,000 (property is worth $350k)
Seller Initially Bought it for $100,000 y...
Hi everyone, long time lurker, first time poster. Had a question regarding a partial 1031 exchange and how 1250 depreciation recapture is calculated, facts are below.12/1985 - 2 flat property purchased for $60k, resid...