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I have a question about qualifying rules for 1031 exchanges. Let’s pretend: I make a $100,000 profit from a property that was held less than one year. Can I then take that $100,000 and invest it using a 1031 exchange?
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This is going to be a weird one. When I was 18, I bought my first house (live in at the time). I moved out about 4 years ago, and had a buddy staying there without paying rent. Agreement was that he payed the utilitie...
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Hi folks,Does anybody has experience with ABODU that build prefab ADU in San Jose?What’s the pro and con going with prefab? My concern is I have a craftsman style house, what if the ADU design is not in harmony with t...
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So for the last 2 months ive been educating myself, going out and looking at distress vacant homes. Meeting agents and fund raising for hard and private money. So this newbie got a pre-approved letter for a POF and ...
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As a first time home buyer planning to house hack in Upstate NY, i’m looking for feedback on how to view multi-family properties during this pandemic. I’ve experienced a lot of resistance, mainly because tenants don’t...
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Hi
Is anyone using www.propertysolutions.com management software?
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Hello All,
I've been lurking around BP for awhile now and figured its only right to finally say hello. I'm impressed and excited about the knowledge, generosity and helpful attitude this site and its users demonstrat...
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Just an FYI of what Forsyth County is sending out in relation to rent relief:Forsyth CountyNews UpdateRent & Utility Relief Program Available Beginning March 8 for Forsyth County Residents Impacted by COVID-19Rent...
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Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make X a year. You ...
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We are excited to say that on November 15th we closed on our first investment property! We bought a 3 bed 1.5 bath fully rehabbed SFH (from a flipper) in Brown Deer, a suburb of Milwaukee. And we had it rented by Dec...