Jonathan Paz
Disposing 1031 Exchange Property Question
Hello, I am trying to get an idea for the tax consequences I would face by selling a property that I acquired via 1031 exchange. Here is the background:*I purchased Property A on Feb 2016 for $109K with cash, rented ...
Jeffery P.
Newbie needs advice (Is there a better way). Time sensitive!
Hello BP, I will try to be short and concise. I currently reside in a townhome with approximately 200k equity! 1st Lien Heloc of 300KGoals: To acquire as much rental cash flow/assets as possible in the next 5 years p...
Kevin Brown
How do I use cash to cover my partner's equity?
I'm planning to partner with my son when he turns his current house into a rental. We'll be 50/50 partners. If he has 50k in equity, how do I legally get 25k to him to cover half the equity and not trigger a gift ta...
Alfredo Franco
Use of retirement savings and placing home on equity
I have a plan to take out 20 k from my retirement fund to take care of Debt and fix credit. The rest of the money I want to put towards raising the value on my paid for home and then use that for equity to have more m...
David Grinly
College Student Needing Advice!!!
Hi Everyone,I am very excited to be part of this community. I am a college student (senior) and want to get started in real estate.I know I don't want to go to anything financially heavy-based (commercial real estate ...
Account Closed
lien priority
I'm looking at purchasing a property that a tax buyer has a lien on. Property is abandoned and the city has filed a petition to take ownership of the property. I've talked with a receiver and he said that the lien cou...
Jon Klaus
Trading houses
I have a free and clear home (owned 5+years) I've agreed to trade straight up for another free and clear home. The other party is an owner occupant and would be owner occupant in my house after closing. The values ar...
Hossein Akbari
1031 exchange, building new construction
Hello experts,I was wondering if a single family new construction project could be structured to benefit from a 1031 exchange. If yes, what’s the requirements?Concept: buy an old house, knock it down, build a new one ...
Terry Royce
1031 Exchange on a flip
I have 2 properties that are getting ready to
Settle in the next 30 days, I would like to do a 1031 Exchange either into another flip or into rentals. I have read conflicting info on this topic in regards to flips, ca...
Val Saph
Starting Out - Which Direction To Head? Analyze Me!
Hello everyone, new to BP. Hoping to get a ton of knowledge from this group. I have been listening to the podcasts for some time, and now want to start putting knowledge to work!
I'm in Michigan and looking for REAL ...