Nirmal Dhillon
California Claw-back clause on 1031 Exchange.
12 January 2024 | 2 replies
However with the California Claw-Back provision, should you have owned a property in California and1031 exchanged the property to an out of state one, then later decide to cash out and sell the out of state property, you would not only be subject to the taxes of the state where decide to sell the property, but also to California state taxes due to this clause.Furthermore, California has passed Assembly Bill 92 (around 2013-2014) which essentially allows California the ability to track subsequent sales of properties once they are exchanged out of California.
Vasilii Baban
Starting with a duplex
8 February 2021 | 43 replies
I will assemble cages that the tenants can put locks on if they would like to pay for additional storage.
Jeremiah H.
Do you use a Land Trust and why?
22 May 2016 | 15 replies
Same thing with property held in an LLC, S corp, or even personal assets stuck in your safe such as gold bullion, etc.
Hjiorst Fjioords
Purchase by Self-Directed 401k, but the loan is in my name?
6 August 2020 | 3 replies
@Hjiorst FjioordsHere is a list of lenders that I've assembled over the years that offer non-recourse financing to retirement accounts:https://www.biggerpockets.com/member-blogs/2810/50272-list-of-non-recourse-lenders-for-self-directged-ira-and-401k
Korey Hodges
Mobile, AL 36606 area
18 December 2019 | 7 replies
.- Walmart has just opened up a brand new distribution center consisting of 2.6 million square feet, and provides more than 750 new jobs.Economic Information -The City of Mobile has seen extensive revitalization and tremendous economic growth:Business/Corporate Sector- Construction of a new Airbus jet assembly line at the Mobile Aeroplex at Brookley should move forward rapidly during the coming year.
Lee L.
I need to replaces some cabinets...
28 October 2023 | 6 replies
Most reasonably priced cabinets end up being RTA style (Ready To Assemble) which I always try to find local cabinet wholesalers/liquidators to source them.
Adhirai M.
Self managing STRs from long distance
10 January 2024 | 18 replies
Huge learning curve then you have to assemble a reliable team, but like others said it can be done.
Kyle Jensen
First STR - Banner Elk, NC
27 March 2023 | 6 replies
I am sure you could assemble a team of cleaners, managers etc that would be more economical, but in my area of Banner Elk, Blue Ridge seems to be the goto choice.
German E.
California SB 9 - market implications
18 September 2021 | 5 replies
A few days ago the California Assembly passed SB 9, which now needs to go back to the Senate for a reconciliation process and then go up for signature by the governor.
Suneeta Mullin
REPS / Tax Shelter + SDIRA
9 January 2024 | 3 replies
Would love to hear about Portland / West Linn / Vancouver -area meetups / forums to connect, learn, and assemble a team I can trust!!