Saar Amit
Tax Implications of Holding Period for Property Flip in Florida
Hi everyone,
I have a few questions regarding the tax implications of flipping a property in Florida:
1. What are the differences in tax rates if I hold the property for less than one year versus more than one year?...
Alexander Hamilton
Do you have an “offer acceptance period” for off market offers
I’m curious to know if you have an expiration date/time on your offers made on off market deals. On market I usually have a 24-48 hr acceptance period and then my offer expires. All feedback is appreciated!
David S.
Ins quote; "Is property rented for periods less than 6 months?"
While getting a quote on a property, my USAA account asks "Is this property rented for periods of less than 6 months?" Yes or NoDoes anybody know why this is and what impact this has on the quote? What if I started wi...
Steve Leonard
AB side under Contract...Inspection Period for End Buyer? BC Side
Morning BP Family,Quick Question. I have a property under contract and plan to do a Double Close. On the BC Buy/Sell Agreement what should my contract say for an Inspection Period? Is something like below adequate ...
Logan Allec
What is the amortization period for FHA UFMIP on a rental?
I recently bought a fourplex using FHA financing and currently live in one of the units. I also rent out one of the rooms in my unit. So I will amortize a portion of the FHA UFMIP over 84 months (the portion that is...
Jobee Vincent Buenaventura
House hack “seasoning period” - when can I live in another house?
Hey all! I live in NJ and I wanted to know when I can legally live in another property. I recently did an FHA refinance and am required to live in my current 2-family for at least 6 months. We closed in early November...
Henley H.
How collect first, last and deposit over a period of time?
We have someone we'd like to rent to and are working with them re: there first, last and deposit payment. We're collecting the first and deposit upfront, but letting them pay the last month's rent on some type of paym...
Vidyadhar R.
house won't appraise to full ARV if refi before seasoning period?
Hi members, I'm doing a BRRRR on a SF. buying ($60k) it using a personal loan and plan to refinance (ARV $80k) it from a local lender after rehab ($5k). rehab duration would be a month. I want to refinance asap after ...
Rajesh P.
Over period equity has grown but rent not, what to do?
I bought one house 10yrs back which appriciated by 2.5 times; however the rent has not increased in the same ratio. Can Guru's provide some advice. Should I settle down with the rent and keep the house assuming it wil...
Matt Wells
Seasoning period for cash-out refiance with a paid off property?
How long is the seasoning period to do a cash-out refinance into a conventional mortgage if the property is completely paid off? I've read somewhere that it is usually six months but doesn't specify if that 6-month s...