Sentences with phrase «property for investment purposes»

The term "property for investment purposes" refers to a property that is purchased with the intention of generating income or capital appreciation. Full definition
Section 1031 allows taxpayers holding property for investment purposes to defer taxes that would otherwise be recognized upon the sale of investment property.
So there's a need to time things a bit when you buy properties for investment purposes IMO, unless you plan to be a landlord / lady for the long term and you're doing it for cash flow...
Flagstone can provide mortgages for those client's that own or want to acquire properties for investment purposes.
Interestingly, what's missing are representation and exposure in some additional real estate apart from our main residence, which we can remedy either by buying REITs or moving some money into depressed real estate properties for investment purposes.
George Stevens («Taxpayer») and his then - wife, Sharon Stevens («Spouse»), purchased a residential property for investment purposes for $ 256,000.
When you borrow money to buy property for investment purposes, any interest you pay on that borrowed money becomes an «investment interest expense.»
1031 exchanges are based on INVESTMENT property that is bought with the intent of an renting or for business or commercial use, in other words not flipping (dealing), so in an audit situation you must be able to show that you intended to purhcase the property for investment purposes but for some unforseen circumstance (job moved, bad spot financially you had to sell).
- If you are buying the property for investment purposes, what is your action plan?
The critical issue is that you must have had the intent to hold the properties for investment purposes and not have held them for sale (i.e. inventory in your business).
«Investors today rely on real estate agents and a variety of disparate sources to cobble together information on the viability of a property for investment purposes,» says Don Ganguly, CEO of HomeUnion.
Buying / holding property for investment purposes or buying, fixing and selling a very limited number of properties per year will not generally trigger UBIT (as long as no financing is used by the IRA to purchase the properties), but it's important to always have a knowledgeable CPA and / or attorney review your proposed investment strategy to make sure you're not inadvertently running afoul of any IRS regulations.
Loans used to purchase a property for investment purposes, as opposed to occupancy, are not allowed by FHA under any circumstances.
The longer you hold, treat and report the property as investment property the easier it is to prove that you had the intent to hold the property for investment purposes.
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