So I have a fix and flip that I bought roughly 8 months ago. I now have it under contract. I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031. Needless to...
So here is my situation. I am in contract on a 3 family home for $815k which I will be getting a loan and will be required to put down 25%($204k). Now I have another property(2 family) that was own for about 30 years ...
Hello,When using the BRRRR strategy or the Buy and Hold Strategy, generally how long should people hold their properties? And on top of that, does the length depend on the deal, market, or where the investor is with t...
Scenario:1 commercial prop owned by 5 peopleGoal: sell it to me but they each want to split proceeds AND use 1031 to go buy individual props.problem: not doing a single like-kind exchange it looks like they can't spli...
I am in need of a good tax strategist and or cpa my person will be retiring soon in the Denver Colorado Area, I also have some property in Texas.
I have a question regarding capital gain also, so we sold a couple o...
Below is a link to a house I bought in 2017 for 55K. Put 15-20K in fixing it up.Rented for 3+ years at around $1,100/month.Collected approx 12K in net rent....Just listed it today at 149,900 to sell fast....Net profit...
Hello, I really like the strategy of partnerships, would anyone like to share some details of their first partnership? If I took the path, I would be funding in exchange for my partners deeper knowledge and experience...
Hi All,I am from NYC/Long Island area. My parents currently own a co-op in Queens which I would like to sell, for around 200,000+ (based on previous sales). They want to sell this co-op to me. I have other ideas ho...
Hello everyone,My name is Tommy. I'm 31 and recently unemployed. I've been interested in real estate investing(particularly buy and hold for cash flow) for some time, but always been hesitant to jump in.I've read nume...
Hello all, I'm excited to join the Bigger Pockets community. I've read a couple of bigger pocket books and listened to numerous podcasts and figured it's time to introduce myself! I live in Queens, NY and started inve...