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7 February 2025 | 6 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).
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28 January 2025 | 19 replies
It has built trust and now I invest in my SDIRA in real estate and he invest in stocks but the airbnbs is one of the many real estate strategies and happens to the one he could get behind.
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19 February 2025 | 14 replies
Technology has come a long way, however, having a someone you trust locally will give you peace of mind while leasing your properties.
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18 February 2025 | 25 replies
In online forums, the danger I've experienced is the "national" effect.
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7 February 2025 | 2 replies
According to the National Association of Home Builders (NAHB), average hourly wages for residential construction workers rose 10.8% between August 2023 and August 2024, the largest YoY jump since the BLS started tracking the data.
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3 February 2025 | 4 replies
Number one advice: Never trust a broker's pro forma.
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5 February 2025 | 4 replies
Consider creating blogs, social media posts, or short videos on:•How to handle late-paying tenants•What to do if a tenant damages your property•Best practices for tenant screening•How to legally increase rent without losing tenants•By answering common landlord headaches, you’ll attract leads who already see you as a trusted expert.4.Market to Investors•Many property investors want a one-stop shop—someone who can help them buy, manage, and eventually sell their rental properties.
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5 February 2025 | 29 replies
If you are trying to compare your idea against REI Nation, you're over your skis.
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18 February 2025 | 9 replies
I have an amazing GC now that I trust completely so I can do a full gut reno without stepping foot in the property and I wouldn't lose sleep over it.
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23 February 2025 | 9 replies
No single man with a cat can be trusted, and most are mentally ill.