Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
Bree Jimenez
Hi everyone, excited to be apart of this community.
28 January 2025 | 22 replies
For BRRRR, focus on the 70% rule to build equity.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
But then we have to get into talking about the passive loss rules, which may prevent you from actually being able to claim a tax loss if the deduction is more than your rental or other passive income.Or you can claim the actual expenses (gas, insurance, etc) for the vehicle and regular depreciation, proportioned by the percent of business use of the vehicle.
Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
This is how I would recommend doing it:First a caveat I am in Tampa, FL and do not know any rules or laws for CA or dealing with the permits for Joshua Tree.1.
Jack B.
What are the rules for evicting ABNB guests?
18 December 2024 | 6 replies
What are the rules for removing this person, as I understand it he falls under hotel rules, not the landlord tenant act.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
To guarantee compliance, also acquaint yourself with zoning rules and municipal restrictions.2.
Desmond Kerr
Newbie to fix and hold but not rentals
1 January 2025 | 1 reply
Asking in the correct forum will get a better response.Read the RULES!
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
A lot of people get themselves in trouble by acting as a conduit to mild fraud or just general deceit within the rules..Hmmm, he is bragging all over Youtube how he is making $150,000 from one guy's equity, on one transaction, by bailing him out of foreclosure.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
Consider the "2 of the last 5 year rule" to avoid capital gains.
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
So, the rulings aren't necessarily as consistent as you would hope. 2.