Kate C.
What scenarios lead to a loss- tax benefit
Hello- I have been reading for years about the benefit of being able to deduct $25K in losses from rental properties (and more if you are a real estate professional). The mystery to me- is how do average people get to...
Jennipher Jess
Mid-Term Rental or Traditional Rental in Mesquite
Hello BP, I really need help and opinions! My husband and I need some assistance. We just closed (literally) on a townhome in Iron Horse Village in Mesquite, TX. Since we put a deposit down on the property, the rental...
Bruce Harding
Initial Information Request on Multi Unit
First time buyer. I am looking at my first Off Market Mutli from a couple friends who have not put it on market. They have money and don't need the income. And they are tired of dealing with it. It is professio...
Ben Franta
Searching for 3-4 unit multifamily
Hey all,I am currently searching for a 2-4 unit multifamily in NE Ohio (Summit/Stark County).Current situation:-Own SF home in Cuyahoga Falls // FHA 30 Year Term LoanGoal:-Eliminate mortgage payment by selling SF and ...
Colton Hahn
1031 into another property vs investing profits in syndications
Hey all,I wanted to start a discussion on here based on a conversation I had with an investor this morning. He will be liquidating all of his properties and had questions about 1031 exchange vs investing into our late...
Scott Littlefield
Tax implication for a RTO down payment.
I have a lease agreement with the option to purchase on a house I own outright. The lessee paid me $3500 downpayment and is paying $516 a month. He has an option to purchase by the Spring of 2022 for $59,000 minus the...
Danny T.
We moved in April 2019 and need to sell our 550k house in Cali
Hi my name is Danny. We bought a house for 550k in Canyon Country, Ca 91387 in Spring of 2019. My partner commutes an hour + everyday and works for a high paying job but the stress is killing him and making him misera...
Rylan Zwanziger
1031 - If you sell a house on contract how does a 1031 work
Curious as to how a 1031 exchange works when selling a house on contract. If I sell a house on contract when does the 1031 exchange actually take place?
David Breitzmann
Benefit of Purchasing REO via LLC then selling it to oneself?
Hello,
Okay, the post on commodity acquisition via jewelry was perhaps too much "reverse-logistics."
I'm looking at the tax assessor website to track properties and noticing folks do the following:
1. Purchase REO...
Joe Santiago
How to determine Purchase price for apartments and Multi family?
I have set up a meeting with a seller on his 8 unit apartment building. He is definitely motivated to sell. I have experience in SFH's but none in apartments so I was wondering what kind of documents should i ask to s...