All Forum Posts by: Chris E.

@Grant Bennet 

I actually never got to try this out. Gutted the house and then the neighbor ended up buying it from me

Thanks I'll try looking into that. I havent talked to anyone about it. Probably going to stop by a CU today after work and see if they can help. 

I have a house that I bought 2 years ago from the county through a tax foreclosure sale. (Was a hoarder house) Has been vacant this whole time. I had the roof replaced right away and I gutted the majority of the interior myself and then I had a few shady "contractors" rip me off on some work on the house last year and I kind of put the house on the back burner. Then I had a break up with my ex-fiance whose name was also on the deed of the house so I didn't want to put any more time or money into it until it was solely in my name. Anyway fast forward a year later to now, the deed is in my name free and clear and I'm tired of paying rent and would like to get the house done so I can move into it. The house isn't liveable. its mostly unfinished drywall, plumbing isnt in yet, no flooring, etc. I have enough cash in the bank to get the inside of the house done to where I could live in it. And then probably get a HELOC and use that to finish anything outside But if I do that I would have to do everything very cheaply and I don't want to do that. So I'm on the hunt for financing options that don't require me to be living in the house.

I have no debt on the house, it will be worth a minimum of $120k once its done, and I only need $40k at max to get it there. Problem mostly is I don't think a bank will approve me for any kind of loan while I'm living in the apartment paying rent.

Hoping there is some kind of rehab loan that will work for this situation.

Makes sense for it to be that. Thanks for the link

Looking at tax records on a house and am trying to figure out what this document is. County has the most recent document filed as a TDI filed 5 years ago. And under the description of that abbreviation it says Term Dec Interest and nothing else. Anyone know what this document is?

Yeah I didnt shop around the first time here. Paid $300 for a 10.

$300 for a 30 is pretty impressive

What does a dumpster cost in your area? Just curious to see the different costs for waste removal.

Here the best price I've found was $425 for a 30 yard dumpster, 1 week rental

It was bought in both of our names and paid from a joint bank account. If we don't have receipts would a store credit card statement be useable? I kept lots of receipts but not all. Everything related to the house was paid for on a Menards store credit card or a Debit card which was only used for this house project.

Thank you, started the next one this week (right next door). Its going to be a total gut down to bare studs

Thats what i was hoping, nows probably a good time to find a cpa who specializes in real estate to work with.

So we (My fiance and I) are selling a house on monday that we bought earlier this year. We were going to keep it as a vacation rental but decided to sell instead because we need the money to fix another house we bought at the same time. My question relates to the taxes on this. The title company wants to know how we want to take the check from the sale because they will be issuing a 1099. Does this mean were going to be paying tax on the total coming from the title company? We bought the house with cash and have no leins on it so were basically getting a check for the sale price.