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10 February 2025 | 9 replies
I hope to revisit this post a year or so from now and tell you what I've done with the help with the amazing people around.
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7 February 2025 | 6 replies
However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.
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26 January 2025 | 2 replies
I am currently working/studying on getting my RE license online.
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4 February 2025 | 17 replies
Two years ago, this approach would not have been an option.2.
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24 January 2025 | 3 replies
If you send me a DM, I can ask around my contact there to see if they have a recommendation.Disclaimer: While I’m a licensed attorney, I’m not your attorney.
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11 February 2025 | 4 replies
Critical Questions to Ask a GC To ensure you hire the right GC and avoid delays or cost overruns, ask: • Experience & Licensing: • Are you licensed and insured?
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11 February 2025 | 0 replies
New here, does anyone know if you need any special license to own, operate or expand a facility in Michigan?
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6 February 2025 | 5 replies
However, many states now require some version of a license to wholesale, so I'd identify a market first and then dig into their specific wholesaler requirements.
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30 January 2025 | 47 replies
Some are not even licensed realtors.
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24 January 2025 | 13 replies
Sorry @Kathy Merkh, but you are not going to get an investment loan at 5% for 20 years.