
2 September 2024 | 7 replies
It's a very common mistake where an investor sold and bought properties and then when it's tax time they find out they didn't do the right process to actually qualify as a 1031 exchange.

2 September 2024 | 6 replies
That kind of balance is crucial, and it sounds like you've got a solid foundation for success.Looking forward to hearing more about your journey and exchanging ideas here on BiggerPockets.

5 September 2024 | 15 replies
Just be ready for the challenges of managing properties remotely, which may require a property manager.Tax StrategiesSince you’re selling a primary residence, a 1031 exchange won’t apply, but you can still use the capital gains exclusion.

4 September 2024 | 10 replies
Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).

29 August 2024 | 6 replies
With that money we would like to do a 1031 exchange to continue growing her portfolio.

29 August 2024 | 5 replies
I think you will run into a related party issue rather than an LLC issue in regards to the 1031 exchange.

3 September 2024 | 9 replies
You also loose out on any value add in exchange for “turnkey”.

29 August 2024 | 6 replies
As for title, you need to 1031 exchange under the same name as the relinquished property.

1 September 2024 | 13 replies
The market in Indy is less saturated compared to Texas, making it a great option for newcomers looking to build a solid portfolio without facing the intense competition.Feel free to reach out if you’d like to chat more about strategies, market opportunities, or just exchange ideas.

30 August 2024 | 0 replies
The Pointe Clear Dr project underscored the importance of precise renovation planning and execution.