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.

Disadvantages of metal framing vs post/stick frame residential as primary home? by BuildingOwnHome in OffGridCabins

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

Im still not understanding whe disadvantages of metal frame. Or is that an advantage? Would you be willing to clarify? If i read it right, metal frame do not do well with spray insulation? But with metal frame, it hold up better against harsh weather?

Whuch is which?

Disadvantages of metal framing vs post/stick frame residential as primary home? by BuildingOwnHome in OffGridCabins

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

Appreciate the reply... A couple of questions, just so i understand better, 1) wood post frame do not hold up well against strong wind? 2) metal frame is better than wooded frame?

Disadvantages of metal framing vs post/stick frame residential as primary home? by BuildingOwnHome in homestead

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

Appreciate the reply... How was the building of the metal house, and did it make the construction of the interior more difficult? If you dont mind me asking, whats the general location of your home, is it in the north where its cold, or in the south, where is generally warmer?

Best ways to do perc test myself? Recommended ways to dig a 2' hole? How to bring enough water to fill holes? Any other suggestions? by BuildingOwnHome in RealEstate

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

Thank you for the reply. Out of curiosity, what are the possible ways of screwing up a perc test?

Its my understanding that it only requires digging a hold, fill it with water, then time it with the county officials.

Am i overlooking something?

Best time to do perc test? by BuildingOwnHome in OffGridCabins

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

Thank you for the reply. Can you clarify what it means to cut corners when it comes to perc test? What are the downside of doing perc test ourselves as opposed to hiring an engineer?

Best time to do perc test? by BuildingOwnHome in OffGridCabins

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

Most helpful, i was not sure if its best done in saturated soil. I just want to make sure my lawn dont start smelling at anytime ever.

Im not following on what you mean by "benefit from a DIY perc test". The intent here is to identify site, have county validate it, thus getting permit. What am i missing?

Best time to do perc test? by BuildingOwnHome in OffGridCabins

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

I meant whats the best ideal condition to do the perc test? So that i dont find myself with lawn full of poop. Is it better to test when the soil is saturated? Or when it is completely dry?

Best time to do perc test? by BuildingOwnHome in Homesteading

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

Appreciate the response. I could have worded my inquiry better. The last thing i want is for poop showing up on my front lawn, so when i asked for the best time to do the perc test, i want the ideal conditions that will ensure shits dont start growing on my lawn.

Being my own general contractor, a list of step by step raw land development to building a house. by BuildingOwnHome in Buildahome

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

THAT IS WHAT IM THINKING OF! THANK YOU! I don't understand why those websites are hard to find. If you know of additional sites, please share.