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Results (721)
Dana Waller Rehab Budgets Gone Wrong
3 February 2021 | 1 reply

Collecting some data and would greatly appreciate your help! It seems like the one thing you can count on is that during a rehab, something will go wrong that will increase your budget. 
What is the most your constru...

Mindy Jensen How does divorce affect cap gains on primary homes owned -2 years
14 March 2017 | 4 replies

A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)How does divorce affect Capital Gains on this purchase? After one year, it's long term...

Account Closed Definition of intent / proof
14 December 2019 | 4 replies

I have a rental that I will be moving in to next year. Consequently I would like to refinance with the current low rates. My tenant is still in the house so I will be stating to the lender that I intend to take occupa...

Jimmy Lynn Budgeting for Your Property Rehab: Tips and Tricks for Keeping Costs Under Control
16 May 2023 | 1 reply

We get asked this question a lot.  Here are some things to consider. Define Your Budget: Determine your overall budget for the project. Consider factors such as the scope of work, materials, labor, permits, and contin...

Shanae Williams Buying HUD homes/ New Investor
9 March 2017 | 2 replies

I need to know more information on Owners Occupied. I know the basics but how does it work. I never owned a house I'm 19 will I even qualify? Anybody have suggestions on how to buy a home owner occupied in Detroit Mi

Katie Bond Scheduling Question - Rough Electric and Windows
20 October 2017 | 2 replies

We are rehabbing a duplex and, among other things, we're replacing the windows. It's working out that the windows are arriving around the same time as we'll be ready for the rough electric. Can I have the electrician ...

John Bolivar Unique Real Estate Deal in Desirable Location with High ROI Potential
10 February 2023 | 0 replies

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $159,000

The property was initially purchased with the intention of completing a BRRRR (Buy, Rehab, Rent, Refinance, Re...

Bharat Panuganti Question about cap gains exemption
1 October 2024 | 2 replies

If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption? Or is it a binary designation?

Kade Honaker Live in Flip Tax Question
26 February 2020 | 2 replies

I live in Tennessee and have lived in my house for the past year. I’ve fixed it up and am wanting to sell it now. I know that If I lived in it for 2 years I wouldn’t have to pay capital gains tax does anyone know how ...

Russ Copeland Financing Rental Space Reno?!
26 October 2014 | 2 replies

Hello.  My wife and I are about to close on a house and we have been probing the idea of renovating the basement to a single bedroom or studio apartment.  We are trying to think of some way to come up with some additi...