The contractor originally quoted me on the phone $48K and 4 weeks.

Assuming this is the case (and excluding agents fees, costs etc) would the capital gains tax on the second property be 40k (gain since the purchase 315k-275k), or would there be some kind of recapture from the first 1031 exchange.

Thanks in advance. anything too good to be true is scam because all lender uses the same logic anyway lol.for example i can offer you 110%financing, but you have to transfer me $30K initiation/appraisar fee and then I would disappear LOL

Realtor fees, income tax, correct arv, correct costs.

There's an option for $50k loan amount as long as the value is $75k or higher....fees and rate will be bit higher than higher loan amounts.

Hey @Kay Li, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

The gator would make a fee from the buyer.

Drawbacks may include additional fees for out-of-state registration and possible confusion with managing a remote LLC.2.Wyoming's laws and regulations may impact the management and operation of the LLC, such as annual reporting requirements and taxation policies.3.Specific requirements for out-of-state LLCs owning property in Texas may include registering as a foreign LLC and appointing a registered agent in Texas.4.There may be restrictions or limitations on the LLC's ability to purchase, sell, or finance property in Texas, such as compliance with state laws and regulations.5.Other considerations to be aware of include consulting with a legal or financial advisor, understanding tax implications, and staying current on any changes in laws or regulations that may affect the LLC and its operations.

Without the maintenance fee what you paid 3000 for is useless.

We went way over budget because of this and it also took longer than we were originally hoping.