All Forum Posts by: Tareq Salaita

Great single family house for sale in Atlanta, Ga with long term tenant that has never missed a payment. Currently rented for 550 a month. The house maintenance is up to speed and the roof was changed approximately 1 year ago. We are selling this house to purse another investment opportunity in cryptocurrency. 

If you are interested in purchasing this property or for additional information, please contact Kira Asinas from Atlanta Intown at +1(404)861-4373.  She is my real estate agent (i am currently living abroad).

Thanks,

Tareq

Looking for 40 to 70 acres farming land that can grow crop within 45 minute drive of Atlanta metro. 

I am looking to borrow against Duplex registered under LLC. 3 years of steady income and paid off completely. Looking for 200K. Great credit and income. Looking for a competitive rate .

Hello fellow Bigger Pockets investors in Saudi Arabia! I would like to host the first annual bigger pockets meet up in Jeddah on Friday, August 25 at the Beach Walk area of King Abdullah Economic City (1 hour drive from Jeddah). This will be a great opportunity for real estate investors living in Kingdom to share their investment strategies in the region and the US. Please drop me a note if you have any questions. Hope to see you all there!

Curious to see what all the Atlanta landlords out there are doing in terms of rent increases for 2017? I'm averaging out to an increase of 5 percent for this year..

While we are all trying to make our nickels and dimes in Real Estate, I was wondering how much money BiggerPockets makes? I know its not a publicly listed company and there is no way to know for sure. What would you guess BP's annual revenues and profits are? This is purely out of curiosity..

Thanks @Dave Foster for clarifying-- you are right, I have held the property for more than a year and it was a buy and hold investment. I am trying to assess the tax implications of adding a new partner to the LLC given that they weren't on the original exchange.

Best,

Tareq

Hello All,

I know this is a highly technical question, so if you can't answer it but have a CPA that you can refer me to, I would really appreciate it.

Here it goes:

Me and my partner did a flip earlier this year, and decided to 1031 exchange the proceeds into new investment properties all lumped in one LLC (the 1031 exchange was done on the LLC).

Now we are looking into a include a new Third partner that will have equal equity to all of us on the business. He will pay into the exchange at book value.  

What are the tax implications for doing so ?

Thanks for any help you can provide here.

Thanks,

Tareq

@Nick C. Love the verb 'guruing'  - I think its officially yours. 

Thanks to everyone that responded to my post!

Best,

Tareq