![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2091718/small_1694715049-avatar-erasmoa.jpg?twic=v1/output=image&v=2)
22 March 2021 | 6 replies
Exchanges are great for tons of reasons, but they aren't a cure all and they come with some drawbacks. 1031 rules limit what you can buy, when you can buy, how much you should spend, how you treat the replacement asset, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/250647/small_1621436253-avatar-jackb2.jpg?twic=v1/output=image&v=2)
15 March 2021 | 4 replies
There are certain back-up strategies that you can look at such as: Net Lease Properties (Triple Net Lease) Delaware Statutory Trusts (DSTs) upREITs (1031/721 Exchanges) or, if your exchange fails, a Qualified Opportunity Zone (QOZ) The Qualified Opportunity Zone is not an option for your 1031 Exchange because they are structured as "funds" generally in the form of a multiple member LLC, which would be treated as a partnership for tax purposes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1820599/small_1696735903-avatar-mjr10.jpg?twic=v1/output=image&v=2)
17 March 2021 | 0 replies
I was thinking of having a contract to make sure that I am not treated as an employer for tax and liability purposes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1450057/small_1694565205-avatar-tariqhakeem.jpg?twic=v1/output=image&v=2)
18 March 2021 | 0 replies
You could make homemade treats or go with something store-bought like a toy – the thought behind it will go a long way.8.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2095064/small_1694918829-avatar-ylant.jpg?twic=v1/output=image&v=2)
18 March 2021 | 4 replies
Each community treats is different but most cities allow the 30 day minimum.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1994526/small_1694561304-avatar-manuelg80.jpg?twic=v1/output=image&v=2)
20 March 2021 | 6 replies
They are very nice and treat the property like their own.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1585466/small_1695610923-avatar-patrickv39.jpg?twic=v1/output=image&v=2)
19 March 2021 | 3 replies
Previously, we had to record our own deeds transferring the property to the LLC.Beyond that, treat your business as an entity wholly separate from yourself.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/123950/small_1621417938-avatar-chinweze.jpg?twic=v1/output=image&v=2)
7 April 2021 | 14 replies
It's great to house hack but we should have treated it more like a business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2030905/small_1645312673-avatar-veronicat30.jpg?twic=v1/output=image&v=2)
9 April 2022 | 11 replies
See Treasury Regulation 1.48-12(b)(2)(viii).The beginning and ending dates of the measuring period selected by the taxpayer.The adjusted basis of the building as of the beginning of the measuring period.The amount of qualified rehabilitation expenditures incurred or treated as incurred during the measuring period.A copy of the final certification of completed work by the Secretary of Interior.If the adjusted basis is determined in whole or in part by reference to the adjusted basis of a person other than the taxpayer, the taxpayer must attach a statement by such third party as to the first day of the holding period, measuring period and adjusted basis calculation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/708288/small_1621495828-avatar-colint15.jpg?twic=v1/output=image&v=2)
18 March 2021 | 2 replies
As they say, treat your business like a business!