I'm going to be doing a 1031 exchange on a property I own and I was curious if it is possible to use some of the funds to do capital improvements on the property(s). So say I purchased 3 homes which I understand is th...
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
I searched all of the questions on the forum and couldn’t come up with an answer to this one...My husband and I own a house as our residence but are building another house and are going to turn the current one into a ...
Can someone who has experience with a 1031 exchange give me some details on the rules and process? I've read/heard conflicting information. Here's my specific questions: What is considered taxable income? Example:...
Hello, BP! I have new tenants moving into a unit in a couple of weeks. I had them review the lease terms and they had a question about a policy that anyone living on the property for more than 2 weeks will need to fil...
It is my understanding that if you have a loan on a 1031 exchange and you sell that property you must carry that loan amount forward into the next exchange. I am considering a Delaware statutory trust and was wonderin...
Could anyone tell me if a Delaware Statutory Trust is better than a 506B when setting up a real estate syndication? Pros/cons to either?Thanks a bunch!
We are closing on our replacement properties of a 1031 Exchange. In the relinquished property our vesting was as joint tenants (we were young and newly wed and did not understand the differences). Many decades later...
Hi All I signed a purchase contract for a new construction home with a builder few months ago. The price of the same home I am building has gone up by around $150k as per the builder current pricing. If I decide to se...
I've been in brief discussion with a person whose foreclosure auction date is this Friday Jan 11, but he's stopped communicating and I wonder if he's given up and will go through with foreclosure. What do I need to do...