Eric Smith
1031 exchange with a related party
1 February 2025 | 3 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).
Rene Dittrich
Seller Financings (seller perspective) - what to look out for
1 February 2025 | 2 replies
Quote from @Rene Dittrich: We are selling 2 lots of land and would be open to do seller financing for one of them.
David Lewis
First Timer - Long Distance Investment?
31 January 2025 | 7 replies
Read "Long-Distance Real Estate Investing" by David Greene for starters.
Byron Umana
How to Maximize Your Airbnb Income: Tips for New Hosts
26 January 2025 | 7 replies
Quote from @Brandon Weis: In your opinion, as you are starting out at 0 reviews, do you think it is a must to beat the competition on price to overcome customer's hesitancy or lack of trust with no reviews?
Jerome Brown
Returning member, ready to learn
21 January 2025 | 6 replies
If you're looking to BRRRR/flip, I do recommend looking into hard money loans.
Max Bellino
Online Cost Seg studies Vs Site Visits
28 January 2025 | 6 replies
Does it still provide effective results?
Sam Chicquen
Creative Financing & Seller Financing?
28 January 2025 | 15 replies
How has it been going so far?
Scott Trench
Plotting the Relationship Between Social Media Presence and Real Estate Fund IRR
31 January 2025 | 8 replies
I think there are some good syndicators who post on social - those that do though talk about "what they are doing".
Mark G.
What's Your Conversion Rate for Cold Calling Software-Generated Leads?
24 January 2025 | 12 replies
It was really easy to navigate.
Brittany Daubner
Florida Property Manager
29 January 2025 | 14 replies
How do I know which questions to ask to ensure the property manager is performing at its best?