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Hello All,Long time lurker, first time poster. I became a land lord in 2015 when I converted my primary residence into a rental property after living in the condo for two years. Property is located in Evergreen, CO a...
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I have several residential rental properties and I want to switch to commercial real estate investing using a 1031 exchange. However, I'm concerned about the time it will take to sell my residential properties before ...
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All:I did my first flip earlier this year for proof of concept. 17k purchase, 11k rehab, sold 45k (45k - 28k = 17k pretax profit, no realtor) . I am finishing my second one, which is going to be about 80k all-in, ex...
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Hi BP Community,My wife and i currently own a co op (which we use to live in) but currently vacant. We are in the process of subletting out the co op for rental income. There may come a time where i need to sell the...
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Two questions:1) Is it possible to get a joint real estate license for Illinois and Indiana, or do they at least offer reciprocity?2) Is it even necessary to have a real estate license to become a real estate investor...
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Hi I’m Doreen I currently have one single house rental in Anchorage Alaska, working my 8-5 job from Monday to Friday. Decided to change things by doing wholesale as part time. Anyone knows group meet up for investor h...
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I am currently working on raising my credit score to get a good rate on my first property. What are some strategies or lending companies that can either assist in raising the score within 6months?
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Don’t mistake speculating for investing
I was watching Superbowl 2021 with a few friends and cheering for the Buccaneers. I live in Tampa bay and it felt good watching Tom Brady score touchdown after touchdown. Dur...
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Hello BP! Two questions: can you 1031 a house that you have flipped into your next flip?and also what business structure is best for someone who plans to do a few flips to build capital for B/H MFR properties?I know L...
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I am the POA for my dad. His house has high capital gains taxes (bought it 1983) and low property 19 (CA) tax base. Can I keep property 19 tax base on a 1031 exchange ? ( I have heard no)
Could I do the 1031 exchange...