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Hello everyone!My name is Farah. I started my investing journey in real estate in 2020 and managed to acquire a couple of multi family homes. I am looking to learn more about buying out of state and doing quick small...
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I just wanted to get different version of what peoples ideas of the best way to use 100k cash to acquire properties
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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They say you can never have a dumb question,I hope this is not one. I'm new to wholesaling, and I want to know do anyone have any information on *if u run in a motivated saler* and that person still have a mortgage, ...
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Executed a 1031 exchange last year. In looking at draft income tax return, I queried cost basis for acquired properties. Accountant said that 1031 carries cost basis of relinquished property to acquired property/prope...
My parents own a single family rental (~$200K) and would like to 1031 exchange into a duplex (~$560K), co-owned with another investor. Is that possible? Thanks.
We acquire properties through judicial foreclosure and thus some of the properties we have acquired have title issues. For the most part we aren't worried about actual challenges to title (the foreclosure proceedi...
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Hey all,Looking for an REI Rockstar group that meets up in the Seminole County, Florida area. I split time between Seminole and Brevard and I've had luck in Brevard, but no such luck in Seminole.
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We are considering selling a property which was acquired by 1031 exchange. The original, relinquished property was held for 12 years and the acquired property has been held for less than a year. Will the capital gai...
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I am planning to acquire a 4 unit building in Chicago to rehab and owner occupy a unit. My original plan was to use the FHA 203k rehab loan to acquire and rehab the property. However if I were to spot a really good ...