Account Closed
1031 Exchange when I have no proceeds at settlement due to big refi in the past
Here is my situation:I bought an investment property and improved it. All-in for $200k cash. I refinanced it and have a mortgage on the property for $450k. I'm planning on selling it now and it should sell for abou...
Peter Sik
Roof replacement needed, should I file a claim?
Got 2 reply from roofers, they found significant hail & wind damage to the roof which contains x2 layers of shingles and can not be repaired. So total roof replacement is needed , cost about $10000. Want to know...
Tiffany Foy
Stop working for the man and start working for yourself
My husband and I started our fix and flip business about two years ago. Although our pace has been somewhat slow to start, we have had great success. We are in the process of growing our business in order to start s...
Mackal Smith
Taking Care of Student Loans
Hey everyone,I haven't provided an update since my last post in November. At that time I asked everyone's opinion on using rental properties to help offset my daughter's student loans. Well, I'm 5 months in and I figu...
Collin Hays
Impact of Biden tax plan on STR investing?
With a Biden Presidency, taxes on on everyone making $400K a year are going up. There is speculation that the "only" 20 percent capital gains tax will go up, and in fact, for folks making $400K a year, capital gains ...
Vince Scolari
Being a Key Principle or Key Sponsor
Hi,Is anyone currently acting as a KP on syndicated deals or has done so in the past? I am curious how one would look/underwrite that in terms of investing? what risks do you look out for in order not to do a deal? ...
Mindy Jensen
Opportunity Zone Improvements: Retail Value or My Cost?
Opportunity Zone Experts. When I invest in an OZ, I must make improvements equal to the building's value. Does the government consider retail value improvements or do I have to provide receipts for dollars spent? I ca...
DAVID LABORDE
REAL ESTATE PROFESSIONAL-TAX BENEFITS
Could someone please put in layman's terms the tax advantages that a Real Estate Professional enjoys in real estate investing? Thanks.
Katelyn Atcavage Robideaux
?to buy right now or to wait?
Overall what we’re seeing in our area is a rise in inventory as well as an increase in average days on market. We’re seeing more and more price decreases as interest rates rise and many buyers are choosing to not part...
Kirk Roberts
Selling property tax implications
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...