hey guys -- new to the space and community, really grateful for the resource. Have had a great year of income from private client projects and looking to deploy some capital to building sustainable structure for my fu...
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I have a SFH with equity that I will be selling and 1031 exchanging for a commercial/mult-family property. Can I legally syndicate the new acquisition, and if so, will this just create a tax accounting nightmare?Ahmed
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Hi my cousin was getting calls from investors wanted to buy a vacant lot and the investors said it’s going to sheriff sale. My cousin thought he was being scammed because he said to these investors that his mom didn’t...
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What are the greatest negatives (legal, operational, or financial) of purchasing property into an LLC or S Corp, from a private seller under seller financing?
Situation: Multiple properties owned by Seller. ...
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Hi all, I need some help deciding if now is a good time to sell my co-op in Manhattan. I bought it in 2015 because I worked in Midtown and thought I could save on rent. I no longer work or live there so currently it's...
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I did an exchange about a year ago into a property that is five buildings, all on separate tax parcels. If I were to sell just one of those buildings (sell outright, not exchange) what would be the tax ramifications? ...
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Hey all, so I had my HUD consultant come by today for the final draw request of my 203K on a duplex. He mentioned that I should look into the 10 year tax abatement. We started this project 11/2019. Is it too late for ...
I've read that a good indicator of the current market phase is the price to buy a new property in relation to the price to build a comparable property new. The general idea being that if it costs more to buy an existi...
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This is hypothetical:
I have joined a partnership with one other individual to purchase a multi-unit building. For simplicity of argument, I have performed 100% of the maintenance and improvement of the property. My ...
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Hello, I am a new member to BiggerPockets. However, I was drawn to this forum as I am currently reading "The Book on Rental Property Investing." My current situation is that I am renting an apartment with a friend/roo...