26 August 2018 | 3 replies
You can shelter some of that if you run your business through certain entities, but in this case, it looks like you've got this one in your own name (because it was supposed to be your home)2) I believe the property has to be in-service as an income generating property for a year before it would qualify for a 1031.
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27 August 2018 | 1 reply
I know you can rent mailboxes but based on research it seems a LLC has to be a physical place they could serve legal docs and a rented mailbox does not qualify.
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27 August 2018 | 1 reply
Hi all,Hypothetically if I purchased a rental property on 8/27/17 and sold on 8/27/18; is that considered 366 days of ownership thus qualifying me for long term cap gains?
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27 August 2018 | 3 replies
Here's some other questions to ask in case this helps in any way:Questions for Lenders When do you start using rental income to help me qualify?
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29 August 2018 | 152 replies
There’s deals to be had especially if you qualify for a FHA loan.
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4 September 2018 | 12 replies
The contract he proposed is to:purchase the house (20k above their purchase) for 75k.I put 10k into it to fix the roof and HVACHe puts what he estimated as 12k or so to rehabHe believes he can sell for 140k easily FSBO - or use flat rate MLS listingA recent comp nearby (only 1) shows a similar sized, but newer home, much less land, sold for 150k The house needs some new drywall, paint, unsure if tile is still OK, kitchen rehab, 2 bathrooms rehabbed, probably carpet in the roomsMy holding time is 90 days to sell apparently in order to qualify people for FHA loansIs this a good place to put limited supply of my money?
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3 September 2018 | 12 replies
You are considered to be disqualified person to your 401k and the IRS rules prohibit any transaction between qualified plan and disqualified person.Taking early distribution not only will be subject to penalties, but also to taxation on both state and federal levels, as a result you may end up losing 40-50% of your 401k balance, not a wise thing to do.
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27 August 2018 | 1 reply
., a state with only a few hundred parks).I’ve seen instances where the nearest qualified broker is hundreds of miles from the property.
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31 August 2018 | 1 reply
It's always good to network with those with creative knowledge, those you can learn from.Good luck ----- Oh - I qualify for your inquiry.