James Defazio
1031 exchange question
10 April 2017 | 7 replies
Sign Listing Agreement to sell relinquished property.Sign Agreement of Sale with Buyer.Retain 1031 CORP. as your Qualified Intermediary (QI).1031 CORP. prepares documents and provides closing/escrow officer with instructions.Closing takes place and proceeds are forwarded to 1031 CORP. and placed into exchange deposit account.The 45-Day Identification Period and 180-Exchange Period begin.Identify replacement properties to 1031 CORP.Sign Agreement of Sale for new property and use exchange proceeds for deposit.QI provides closing/escrow officer with instructions and transfers exchange funds.Replacement property is acquired and exchange completed.
Jane A.
record keeping for small rental portfolio
10 April 2017 | 6 replies
Hello,My father and I have 13 units right now that we have acquired over the past 9 months or so.
Dustin Frank
Newly Licensed in Denver
10 April 2017 | 2 replies
I've recently joined BP and just acquired my Colorado real estate license.
Yaro L.
Extending commercial lease - NJ
10 April 2017 | 3 replies
Hi Guys, Quick question: We acquired an office building with existing tenants earlier this year, one of the tenants lease is due to expire in a few months and seems they will be extending their lease.
David Flanders
Self Directed IRA Setup
12 April 2017 | 8 replies
There is not a feasible path to use the IRA to acquire property then move the property to your own name.Bottom line with a self directed IRA or Solo 401k is that it is a means to diversify that tax-sheltered retirement savings.
John Bower
New investor, old pro in Albany NY
11 April 2017 | 3 replies
I am looking to start my own company and start acquiring rental properties in a buy and hold strategy.
Anthony Garcia
Is starting in single fam. developing recommended for beginners?
11 April 2017 | 4 replies
My agent suggested that it might be more profitable for me to build a small new construction single family home on a semi-flat lot that I've already acquired about 4 years ago.
Theo Hicks
Portfolio Lending Question
20 April 2015 | 3 replies
I have a full-time job and my initial reason for acquiring a multi-unit property was in order to live for free aka house hack and, more importantly, to write off the expenses (renos, mortgage, etc) in order to get more taxes back at the end of the year.When "pitching" a portfolio lender, does it hurt you if you have been breaking even or reporting a loss for the above stated purposes?
Taurice Cooper
refi, first mortgage???? What Are my options??
30 March 2015 | 8 replies
Hypothetically speaking.....I obtain private funds to acquire a property and make repairs and improvements.
Daniel Ojeda
Legalities of an old deal
22 June 2015 | 1 reply
It shows that the family acquired title for 37k, which means the seller was very motivated to sell.