All Forum Posts by: Chris Clark

Welcome to Bigger Pockets. There is a wealth of knowledge here to be sure. The Wichita REIA is a great place to get to know local investors. The presentation in September is about creating your personal financial statement for a lender. Look forward to seeing you there.

Hey Courtney. The Wichita REIA meets the first Saturday of every month at 5. The meeting is at Range 54.

Welcome to BP Colton. Great place to learn about real estate.

You need to check out the local REIA...lots of experience there.

Bill may have addressed this in another thread but generally speaking the property would need to be held for 2 years in order to qualify for a 1031 exchange. And that would be in addition to the requirement of the intent to hold as an investment.

I'm a CPA at my day job... I'm working with other real estate investors and agents in the area. Which is also fueling my desire to invest.

There is a Wichita REIA meeting June 3rd and there will be a presentation on taxes when it comes to Real estate.

David from a tax perspective you definitely need a separate business account. You may never get audited but it is always best to be prepared and having a separate account shows business intent and that you aren't commingling funds.

June 3rd

It just so happens that I'll be presenting to the group about taxes at the next meeting.