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All Forum Posts by: Michael Daniele

Michael Daniele has started 2 posts and replied 3 times.

@Dave Foster Thank you for the info!

I own a single family rental property that I am going to sell. An opportunity presented itself where my mother and I have been offered a beach home to purchase. The house is a single family home and worth more than the house I am selling.

I cannot afford the beach house on my own. If I buy the beach house with my mother, am I subject to capital gains? I understand the time frame and all of that when it comes to the 1031 exchange, but wasn't sure if it applies if I am purchasing the new home with a partner.

Hoping someone could provide some insight! Thanks!

I currently own a couple of homes in the New Haven area and would like to start adding to that number.

Before I jump in without doing any due diligence, I would really enjoy tagging along with someone who flips homes or uses the BRRRR strategy so I could get a better understanding of these methods in action. I've read many books on the subject but I learn best when I see things first-hand. I'm willing to help in whatever capacity may be needed in order to learn.

If there is anyone in the New Haven area who may be willing to help, please reach out. Thanks!