My father owns a duplex outright in Washington State that cash flows him $1200. He wants to maintain that throughout retirement, which begins next year at age 65. I am 43 year old and life expectancy in our family i...
I'm in the process of purchasing an investment property in Austin, TX. Without lot of research I assumed if I lived in the property for 2yrs in the last 5yrs of the sale, I could be eligible for the exemption so I don...
Hey everybody I have a duplex that I bought in 2016 and lived in for 2 years before moving out and renting both units. I bought it at $266k and it’s worth over $400k now. My goal is to partner with somebody who has co...
BP community! I've been in casual discussions on a multi-family property in SW Michigan. The owner is 70, has owned the building forever, has been managing it himself, and sounds like he may be ready to sell the prope...
Good Morning, Fellow Bigger Pockets Members - I'm still somewhat new to the real estate game, and am looking at venturing into the (pre)foreclosure market. I am open to any and all advice. Two specific questions: 1 - ...
Hi All,
Long time lurker here. I have read dozens of posts about REP status and it's still clear as mud to me. I am hoping someone educated can chime in on my specific situation.
I am a high income earner, owning a ...
My wife and I are looking to move into a new home. We are considering selling an investment property and converting our exisiting primary home into a rental. We would need to use the proceeds from the rental sale to...
I am new to BP, and have spent hours combing thorough the forums... it is remarkable how giving and generous so many of you are, thank you.With that being said, I am looking to build my first spec home. I have learn...
Having spent some significant time working with borrowers buying and selling property who are trying to complete a 1031 exchange, I thought I would post regarding my experience.1031 keys:1. Defer income tax.When selli...
Hello Everyone,I'm planning to buy a rental property using a SDIRA. My questions: Is it better or a smart move to convert my Traditional IRA account to a Roth IRA before I convert it to a SDIRA? What are the pros and ...