Bernard Golden
1031 Cost Basis question
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...
Jonathan Aldis
Selling out of 1031- Short term v Long term
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...
Joe Khan
What is a solo 401k and why should i have one if I'm starting out
My wife and I would like some information about a solo 401k
We have decided to invest in real estate and would like to invest under a LLC.
I read a few post about solo 401k but I'm unsure of the benefits.
My q...
Matt Pitschman
llc or not for first investment (pittsburgh)
I am trying to get things into place for my first buy and hold property. A friend and I will be working together to find a duplex in the Pittsburgh area. At this point we are trying to find financing, an attorney, ...
Account Closed
New Investor from Baltimore, MD
Hey everybody,
My name is Nate McCabe, I am an aspiring Investor from the Baltimore area. I am a former Realtor turned TIPIC (Title Insurance Producer Independent Contractor). I also own a business in Resid...
Rene Bee
Out of state real estate property
Hi Everyone, I have my w2 job in Georgia but have real estate property in New Jersey. I'm also about to acquire another buy and hold in NJ. I need a CPA to do my taxes who is familiar with real estate. Should the C...
Account Closed
How have YOUR real estate goals changed since joining BP?
Hello all,I just looked at my profile and realized it's been nearly 2 years since I've joined the BP community! It's crazy how quick the time goes when you're focused on your goals. When I first joined BP, I filled ou...
David Paul Westenberger
Can you house hack a SFH in a solo 401k investment property?
If i had a solo 401k and invested in a SFH as a investment property.Could you then rent out that SFH by the room(house hack) for better cash flow?is this possible?
Account Closed
First Property by Christmas
So my fiancee and I currently live in southern California. Over the past three months of stalking this website and listening to the podcast, we have decided to set a goal of purchasing our first investment (buy-and-ho...
Jeff McIntyre
Using a HELOC for down payment/closing costs
I recently acquired $100k HELOC.
My question is do I have to transfer funds to my checking/ savings account and let it "season" for 60 days before using it for down payment/closing costs for the purpose of getting a...