We have an old rental house that is not generating the Cap I'd like. I think that if I rehabbed the property new kitchen, landscaping etc, it could sell for a lot because the area is highly desired. Would it make se...
Hi,When 1031 exchange is performed, what happens to the Passive Activity loss on original property? We have considerable PAL and good equity on the original property, wondering what happens to this loss after the exch...
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
Hello all, my family is planning to do a 1031 exchange where we sell a multifamily building we own in New York, to buy a piece of land in Texas and turn it into a manufactured home community. Funds from the sale would...
Hello all,
I am a new investor thinking of purchasing a condo as it's the most my cash on hand can purchase. In your experience, has condos gained much equity after updating the kitchen and bathroom? This won't be a ...
I have been reading the IRS code and regulations and am not seeing any guidance. If the intent was to purchase three properties and two closed, one didn't close - what happens to the due diligence costs for the unpur...
For a lack of a better way of asking, what is the best way to avoid / delay the capital gains tax from the sale of a flip house? When I spoke to my accountant she said that the 1031 was used as stated for an exchange...
This is probably a very basic question, but I have no shame when it comes to learning here in BP: I'm about to do a cash out refi on one property (#1) I own free and clear in order to use that cash as a down payme...
Hi guys, I recently purchased a SFH in Northern NJ for a flip and I am looking for a a good 1031 exchange broker to work with on the resale. If investors have had a positive experience in Northern NJ, kindly connect ...
Hey all!I'd love to get some constructive feedback on my plan to flip. First off, I will be doing this part time, however with that being said, my full time career is a Construction Estimator for a major renovation co...