Hi there,I currently own a 1 bedroom condo in the bay area and i am renting it out. The condo is worth about 820k and i want to sell it to buy a single family house about 20 miles away. I paid 560k for the condo in 20...
Does anyone finance the cabin at Smoky Mountain using the future rent income to offset the debt? How much is your appraised market rent for the cabin? Can you leave the comments with the area name, how many bedroom an...
I started a direct mail marketing campaign here in California the first week of this year looking for open lots to build spec homes in a community I'm familiar with and built in before. The great news is that I've ha...
Hello everyone,I am considering building a SFR for the purpose of selling for profit. Rather than have to pay taxes on the proceeds, I would much rather roll that money into an apartment, utilizing a 1031 if I can.Is...
Lets say you use 100K of capital gain to buy a 100K rental property using a 1031 exchange. Can you shortly thereafter do a cash out refi, take that 80K in cash without owing tax on it? I may be in a situation soon ...
Hi everyone,This is my first post on BiggerPockets :) I am excited to join this community!I am looking for some advice on tax implications wrt selling my rental property in NYC. I own a rental in the Financial Distric...
Hello all,I am 21 years old not making too much, and I am looking to get my second property, but not sure how to go about it. I know the obvious answer would be to wait it out, possibly HELOC my primary property and t...
Hi guys!If anyone can help clarify this for me, I would greatly appreciate it!! When you BRRRR a property, would your cash flow go down and potentially go away? My husband and I have a rental that is cash flowing $525...
Hello everyone, My name is Crit Williams and am a newbie investor who is hungry for knowledge and experience in the real estate world. I am currently in my last semester of college at the University of Central Ok...
Hello BP community,If we quit claim a personal property into an LLC, are there any transfer taxes? We are based out of Georgia. From what I read online, if there is no cash exchanged, then there is only a $10 registra...