Natalie Carroll
1031 Exchange on Gifted Vacant Lots
23 September 2024 | 1 reply
We would like to sell them and use a 1031 exchange to purchase a larger tract of land that we expect to close on before the end of the year.
Daria B.
1st successful 1031x
26 September 2024 | 1 reply
Luckily these two individuals, separate states and realtor companies, had everything working and running smoothly including my title and exchange company.
Brandon McCombs
Ohio - if a co-tenant moves out whose responsibility is it to ensure lease is updated
1 October 2024 | 12 replies
If you do exchange messages with the tenant there may also be other documentation to back this up for example a message from your tenant saying something like "Since I'm the only tenant its a little harder now, but I will have the rest of the rent on Friday".
Philip M.
Best way to take over 54+ units from my father who is retirement age?
28 September 2024 | 19 replies
He could do an exchange in to a NNN lease, but if that’s not his field of expertise expect a lower income with his deuces work.
Philip M.
Best way to structure owner financing w/my Father for 54+ unit rental business
27 September 2024 | 1 reply
My father would be willing to help us out in basically any way that he could, in exchange for modest monthly payments going forward, and is content limiting his capital gains exposure with the owner financing.
William Coet
Why Do Synidcations Exist? Why Don't They Just Use Banks?
28 September 2024 | 14 replies
But a lender will only go so far on the risk spectrum in exchange for a 4% to 6% return.
Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
25 September 2024 | 14 replies
-AlexYou’ll be able to qualify for the tax deduction and the Like-Kind Exchange based on how you structure the deal, but yes to both possibilities
Tyler Speelman
Convert STR to primary to avoid depreciation recapture?
25 September 2024 | 10 replies
After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains tax and depreciation recapture instead of doing a 1031 exchange?
Lolo Druff
New Investor Seeking Advice On Section 8
27 September 2024 | 4 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.
Greg Scott
Why I Continue to Buy REITs Instead of Rental Properties
26 September 2024 | 1 reply
While you may get a 199A deduction, you are paying a high tax rate.If we are talking about REIT's listed on an exchange, there are additional overhead costs as you mentioned - You have to get audited financial statements and also comply with certain SEC laws.