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26 June 2024 | 9 replies
Quote from @Trevor Powers: Network, read/listen to books, and don't be too hesitant on pulling the trigger on something you believe is a good deal.
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26 June 2024 | 18 replies
In Pennsylvania, transferring property between LLCs triggers realty transfer taxes.
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25 June 2024 | 2 replies
However, when you sell the individual condo units, capital gains tax will be triggered on the gains attributable to those sales.Allocation of Basis: The original purchase price and any improvements made should be allocated among the individual condo units to determine the basis for each unit.Gains Calculation: When selling a unit, the gain is calculated based on the difference between the allocated basis and the sale price of that unit.Partial 1031 Exchange: You may be able to use another 1031 exchange to defer gains on the sale of individual units if you reinvest the proceeds into other like-kind properties.
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25 June 2024 | 19 replies
May I recommend anger management since you seem very triggered by me just trying to seek out some help in an area I'm not very familiar with.Cheers!
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27 June 2024 | 41 replies
I never saw an update.I am still tempted when I see low prices, high rents with returns of 18%+, but all these bad experiences are making me not pull the trigger.
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25 June 2024 | 11 replies
The short answer is yes you will likely trigger a tax consequence for selling your property.
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24 June 2024 | 14 replies
I pulled the trigger on one of their Bennah Oaks properties in December.
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24 June 2024 | 2 replies
We are 5 bids in and not sure we're ready to pull the trigger with anybody.
23 June 2024 | 3 replies
A buddy of mine took even longer as his plans triggered an Environmental Impact Study.
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24 June 2024 | 11 replies
We have vetted the company and decided to pull the trigger based on great reviews and conversations with other investors.