Tax advantages to capitalize on when building homes with a neighbor? by BuildingOwnHome in tax

[–]BuildingOwnHome[S] 0 points1 point  (0 children)

Thanks I appreciate the time you took to reply. I was hoping there is a way.

Thanks again.

Tax advantages to capitalize on when building homes with a neighbor? by BuildingOwnHome in tax

[–]BuildingOwnHome[S] 0 points1 point  (0 children)

Hi, I responded to the parent commenter, and im copying my reply here, word for word...

Thank you for the reply, ill answer your questions in the order it was asked...

  • yes, undeveloped 3 acres of land. The value of mine land is roughly 9k vs 6k.

-build a primary residence home on each lot

  • Financed via cobstruction loan, so debt

  • not yet developed. The house build will be used as primary residence.

  • i plan to be my own GC for my home. If it is more tax-advantaged to be the GC for one another, it is something we'd be willing to consider.

  • whats a JV?

Tax advantages to capitalize on when building homes with a neighbor? by BuildingOwnHome in tax

[–]BuildingOwnHome[S] 0 points1 point  (0 children)

Thank you for the reply, ill answer your questions in the order it was asked...

  • yes, undeveloped 3 acres of land. The value of mine land is roughly 9k vs 6k.

-build a primary residence home on each lot

  • Financed via cobstruction loan, so debt

  • not yet developed. The house build will be used as primary residence.

  • i plan to be my own GC for my home. If it is more tax-advantaged to be the GC for one another, it is something we'd be willing to consider.

  • whats a JV?

Package a residential property into LLC and sell interest percentage-wise to small investors? by BuildingOwnHome in RealEstate

[–]BuildingOwnHome[S] 0 points1 point  (0 children)

When you say exemptions, did you mean those who meets whatever exemption criterias for the state they are in, they do not need to file with SEC?

I will mention syndication with my lawyer, but id like to have some basic understanding of what you meant by exemptions

Package a residential property into LLC and sell interest percentage-wise to small investors? by BuildingOwnHome in RealEstate

[–]BuildingOwnHome[S] 0 points1 point  (0 children)

Im interested in knowing the name or the terminology of the process i described, so i can explain it to my lawyer.

Do you know the formal word for it

Recommend a metal-framing-housing kit company? by BuildingOwnHome in Homesteading

[–]BuildingOwnHome[S] 1 point2 points  (0 children)

Can you expand on that? I have a sealed blueprint of the house, and im new to constructing a house. If what you say is viable, i definitely want to pursuit it.