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4 February 2025 | 9 replies
Heck, I was nervous on one of my most recent purchases because it was my biggest ever - and I've done over 100 transactions.Your current house is probable a Class A property - which is the easiest to manage.
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30 January 2025 | 10 replies
One way that I was able to get into my first property was counting 70% of the rental income of the other unit on a duplex.
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9 February 2025 | 5 replies
Your best bet is to find and contact all of the top local wholesalers and go to work for one of them and see what they do right and wrong and see if it's even a business you like.
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11 February 2025 | 4 replies
I fired the PM and hired a much better one, which has been a breath of fresh air.
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7 February 2025 | 8 replies
They knew from day one. and yet they strung us along until there was no chance for us to recover any money.
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3 February 2025 | 56 replies
We are now at the point where we replace 3 driveways every year, starting with the worst ones.
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11 February 2025 | 0 replies
One unit was rehabbed with $15,000 and a new leaseadded at market rent.
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4 February 2025 | 6 replies
The camera idea is a good one.
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13 February 2025 | 9 replies
A standard 1031 exchange requires that the same entity selling the property also acquires the replacement property, which becomes challenging when proceeds are split between partners.Potential Strategy: "Drop and Swap"One approach is the "Drop and Swap" method:- Convert Ownership: Before the sale, the LLC distributes the property to the partners, converting joint ownership into individual tenants-in-common (TIC) interests.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.