My wife has been out of work due to the virus. She has a hair salon which has been forced to close down during the pandemic. Does anyone know if I will be able to wave the 10% early withdrawal fee if I take a distri...
Hey guys, I'm getting ready to close (selling) my first flip in Dec. I'd like to roll the profits into the next one, but I've read that you can't roll flip profits to a 1031 exchange. Is that correct, if so, is there ...
I've seen a number of times that people are taking money out of their retirement plans to invest in RE. They also say there is no penalty for doing this under the CARES Act due to COVID. Is this true in all states or ...
I'm looking to use retirement money for downpayment on a multifamily, but taking it out early I will lose 10K. Looking for unique way to not lose so much or put immediately into something to pay less taxes.
I have bought and am renovating a 3 unit building. I'm now going over my options to get my money out of this building. My choice are rent and hold, sell a single unit, or convert the units to condos and sell them in...
I want to preserve as much profit as possible for the next deal.
When should one start the 1031 process? Once my flip is under contract? Sooner?
What are the next steps?
Any referrals in the Philadelphia area?
Can you do a 1031 on a property you have new construction on but you held the land for over 2 years prior to construction? All initial intentions were to build and hold for long term investment.
I’m new to investing and have been studying and educating myself in whole sale. I am unsure how to get a contract of assignment and I’m unsure if it’s possible to 1031 a deal that I wholesaled into a rental.
Hi,I am interested in getting some feedback on building a duplex, triplex or quadplex. I currently live in Waconia and would like to do an owner occupied build. There is so much new construction here and land that is ...
Hello everyone. I have a house I rehabbed under contract and the appraiser is coming out in a day or 2 and I'm just wondering if anyone knows of a good template or has a generic form that works well with appraisers a...