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Does a property have to be held for a certain time period or can an investment property be sold right away after purchase to qualify for 1031 tax exchange?
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First I want to thank this BP for providing me a lot of info on REI !
I invested some properties overseas. It brought me tremendous return ,about 5 times appreciation. I am liquidating all of them. It wil be about 1....
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Hello guys,Lets try this out. I am looking for a fairly new realtor with time and availability in the essex county area. We are serious investors and we are eager to obtain several buy and hold and or "flip" propertie...
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Ladies & Gents, my name is Jimmy Fisher, and I'm new to the REI world.I work a normal 9-5, but my plan is to start flipping in Baltimore, expand from there, and ultimately move into the rental market. I've had two...
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Anyone cash out and /or stop contributing to a 401k in order to buy more properties? Curious how it went?
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Hello! I'm excited to be a part of the BP community. Really looking forward to the journey ahead.I've got a modest sum of money that I would like to use to get started in real estate investing. I have studied, and st...
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Just sold a parcel we owned- raw land. Made a 20k profit. Can you do a 1031 exchange on this or does it have to be a house? I feel like I should know this but I don't. Thanks!
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Just a simple math:
Let's say I buy a home for a million dollars, with 20% down and 30-year term
interest rate = 5% + property tax = 1% + maintenance = 1% ----------------------------------------...
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Hello,
I recently closed on a newly renovated, 900 sq ft single-family home with 3 bedrooms and 1 bathroom in the 44306 zip code of Akron, Ohio. I initially listed the property for rent at $1100 but had to reduce it ...
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Hi All,I'm just starting out this journey with a friend of mine who is a realtor. We have money lined up and about 140k to start between the two of us. Currently in Los Angeles and that kind of cash doesn't go far. My...