I have read about 1031 ( 1031b ) and am still uncertain as to how the property you sell is taxed and how to ( if you can ) defer from paying taxes on the profit you make, from the sale
I am looking to finally...
Hello BP Community! After many years, myself and two family members (yes I know, mixing family and business gets dicey) have pooled together enough cash to really start investing with a focus on buying land and develo...
Hello again BP,We are considering finding a home and Move-in/Flip/Sell/Move-out in roughly a year, maybe less depending on how well it goes. I am not understanding the capital gains tax for Minnesota. Am I taxed at my...
So basically I’ve acquired a couple properties from a foreclosure auction and I wanted to take out a HELOC on one of them , Will the banks give me a problem Obtaining the line even tho I have no on the papers job ?
Hello BP,I am toying with the idea of pulling my 401K money out of my retirement account from my previous employer. I am 30 and have $20-$30k in the account. I have talked to some people that set up Self-Directed IRA'...
My partner and I have been together for 6 years. I am an American citizen living in Florida and he’s a UK citizen. He has a B1B2 visa and comes to the US for business sometimes but still wants to maintain his reside...
I have inherited a condo in California worth $325,000. mortgage free and rented out . only paying taxes and HOA fees ( $475/month) Rent is $1795/month . I would like to purchase a property using some of the fund...
Hi there I'm looking to get involved in international real estate investing and I have come across the "Nomad Capitalist". I understand he is quite expensive and is only for high net worth individuals. I am looking fo...
So I have a company that has formed a C-corp for me and wants 2k total to form a Wyoming LLC for me. I personally think it is way too much money so thinking of doing this myself. When googling registered agents in Wyo...
I'm looking for some insight. I went to an auction to observe yesterday. One house I was interested in was bid high by the lender. His bid was clearly at the ARV level even though the home was in foreclosure and neede...