Landon B.
1031 exchange questions when flipping a home
Hello,
I flipped a home under my LLC over the past 5 months. I then took proceeds/profit made from the flip and invested it into another flip home. Would this qualify for a 1031 exchange and is there anything I shoul...
Greg Barbre
what is best software for managing properties/accounting?
whats the best software for managing accounting and taxes of rental properties. Is quickbooks still the goto or is there another great software solution?
Uwe S.
Depreciation of Real Estate
Don´t know if this the correct forum here, but I want to know how high can I get a tax depreciation for this year (2010) when I buy an house this month for only $5k for a fix and flip in May 2011?
Thanks.
-Uwe
Al Bunch
Direct mail guru websites?
The more I learn the less I know.
As I designed my first batch of postcards (3000 of which will be going in the mail this Friday) I realized I knew very little about the psychology behind getting a consumer to pay at...
Account Closed
Tips on Travel Expenses
Business Travel Basics
A business trip is an opportunity to do productive business while earning substantial deductions. But it's important to know the rules and limitations of deductions for business trips; i.e. w...
Alex Peau
Buy and List business model.. pros and cons?
Hey BP,
I wanted to get your thoughts on a business model that both buys and lists properties for motivated homeowners. I definitely want to be an investor before realtor but I thought to myself why...
Frantzces Lys
Pulling Comparables on Multi-Units
Hi Everyone,I've been doing a bit of a research but I thought I would pose the question out to the BP community :).I am meeting with a Seller this weekend that has a multi-unit property that he is wanting to sell. I h...
Tami R.
Flipping
I was listening to the podcast today - love the fact about where David was going into a property 90-120 days and flipping it. Purchasing it for 75k putting 25 or 27k into and selling for 125k. My question is this......
Hal Cranmer
Finding Contract for Deed Buyers
I am trying to sell a house contract for deed. I purchased the property originally to rehab and sell back in 2007 but could not sell it so I turned it into a rental. Now my tenants are moving out and I would like to...
Tim Jernberg
1031 exchange questions
I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...