by Ted Farry | Jan 11, 2019 | single family rental property
Rehabilitation Rehabilitation is the repair work needed to make a single family rental investment property tenant-ready. Prior to purchase, properties are given a primary inspection to ensure that extensive repairs are not necessary. Rehabilitation can include minor...
by Ted Farry | Jan 11, 2019 | single family rental property
Regulation D Regulation D permits raises of unlimited amounts from accredited investors without registering a public sale through the SEC. It’s assumed that accredited investors are financially able to bear the burden of investment decisions without a review by the...
by Ted Farry | Jan 11, 2019 | single family rental property
Real Property Exchange A Real Property Exchange is the sale or disposition of single family rental investment property or other type of real estate (relinquished property) and the acquisition of like-kind real estate (replacement property) structured as a...
by Ted Farry | Jan 11, 2019 | single family rental property
Real Property The definition of real property is land, and anything growing on, affixed to, or built upon land. This also includes man-made buildings as well as crops. Real property is best characterized as property that doesn’t move, or that is attached to the land....
by Ted Farry | Jan 11, 2019 | single family rental property
Real Estate Owned (REO) A Real Estate Owned or REO property is a property owned by a lender, usually a bank. Depending on the jurisdiction, an REO is the result of the lender exercising its remedy for a borrower in default, called foreclosure. The bank actually takes...
by Ted Farry | Jan 11, 2019 | single family rental property
Real Estate Investment Trust (REIT) A Real Estate Investment Trust is a type of entity that owns – and typically operates – income-producing single family rental investment property or other type of real estate or real estate-related assets. REITs provide a way for...
by Ted Farry | Jan 11, 2019 | single family rental property
Qualified Intermediary A Qualified Intermediary is an unrelated party who participates in the tax-deferred, 1031 exchange to facilitate the disposition of the exchangor’s relinquished single family rental investment property or other type of property and the...
by Ted Farry | Jan 11, 2019 | single family rental property
Property Tax Property tax is a real estate ad-valorem tax, calculated by a local government, which is paid by the owner of the property. The tax is typically based on the assessed value of the owned property, including land, that is a derivative of the property value....
by Ted Farry | Jan 11, 2019 | single family rental property
Property Manager The Property Manager is the person or company responsible for managing the single family rental investment property or other type of investment property in exchange for a fee. Property managers oversee the leasing, rent collection, repairing and...
by Ted Farry | Jan 11, 2019 | single family rental property
Principal Residence Exclusion (Section 121) A Principal Residence Exclusion (Section 121) exclusion from capital gain tax on the sale of principal residence of $250,000 for individual taxpayers and $500,000 for couples, filing jointly, under Internal Revenue Code...