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6 February 2025 | 7 replies
I also have connections where I source wholesale deals and pocket listings.
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31 January 2025 | 8 replies
I am also trying to browse around on Bigger Pockets.
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7 February 2025 | 13 replies
We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance.
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4 February 2025 | 6 replies
Good afternoon everyone, I am must likely new on bigger pockets and I would love to hear some recommendations on how to find off market multifamily properties.
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29 January 2025 | 5 replies
Certain markets are softer than others but there are other pockets that are still growing quickly in value.
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5 February 2025 | 14 replies
The redemption period in my state is 90 days, not three years.
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6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
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19 January 2025 | 21 replies
@Brian KingHi Brian, Welcome to Bigger Pockets!
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26 January 2025 | 0 replies
Listening to one bigger pockets episode or a good book here and there really can be a good reminder, refresher on the financial journey.
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2 January 2025 | 3 replies
Quote from @Briley Roe: Hello Bigger Pockets community!