Hi, I’m under contract on a property in Joshua tree California that we are going to upgrade and list as a high-end STR. the home is currently a mobile home, but we are going to do a 433a registration to have it recognized as a manufactured single-family home.the lender we had lined up all of a sudden stopped offering DSCR loans on rural manufactured homes (they literally stopped offering it THIS week:(The seller is willing to seller finance, but only for two years…does anyone have any suggestions on the best way to go about finding a lender for long-term fixed rate DSCR on a rural manufactured home. 

Tennessee recognizes the federal statute of sec 1031 as a means to defer gain from the sale of investment real estate.

Love your mindset, especially recognizing early on that real estate is a team sport and focusing on long-term impact through quality housing.I’ve got some entry-level experience on the personal investing side myself, and I also work with investors daily here in the Houston market.

It will be recognized as a competitor to the banks.

Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.

If either party disposes of the property within this period, the exchange may not qualify for nonrecognition treatment, and gain may be recognized.

It’s important to declare it properly to the CRA to avoid any headaches later, and many banks won’t recognize rental income if it’s not declared.From my own experience, we’ve purchased several properties in towns and cities just outside Toronto and often invested quite a bit in renovations, either to convert them into duplexes or to improve them before renting.

I default my underwriting to 1.2% to be safe, but in every case it is at least 1%.I recognize it is a start, but 2 listings in San Diego means it is not yet usable in my market.

.- Installment sale splits each payment into:- Interest (ordinary income)- Return of basis (non-taxable)- Gain portion (short-term in this case)- Depreciation recapture is recognized fully in the year of sale and taxed at ordinary rates.- Flip properties = no capital gains treatment, profits taxed as ordinary business income.This post does not create a CPA-Client relationship.

I once had my value add being a law that was passed the legislation and recognizing what this lawwould do to valuations of certain properties.