We have recently been introduced to the Solo 401K and are getting ready to switch our other investments over to it. We are primarily interested because of the ability for property investment. This brings me to the q...
I am close to closing on my first flip. I have paid mostly cash along the way (year and a half) So I am needing to keep some cash out of the 1031 exchange. My question is if I bought the house for 10k and put 30k into...
Hey all. I'm on the board for our local REI and I've been on the hunt for a guest speaker to come talk about syndications. There's so much gimmick and chest flexing that I'm getting tired of wasting time listening/rea...
Hello!Finally introducing myself after 6 months of learning with the BP Community. What a GREAT place to learn! and man, some of you are SOOO young! LOVE the energy!Perhaps I can show you what a 62 year old grandmothe...
Hi BiggerPockets Community!I'm about to purchase a property for a short term rental and trying to figure out whether to hold the property in a newly formed LLC, trust or in my personal name. It seems like MA encourag...
We have owned a home for over 8 Years and rented it for the last six years in California. Can we occupy for the next two years and then sell as owner-occupied to avoid capital gains?
I bought a single family house in my LLC with the intention of fixing and reselling. I've since changed my mind and want to hold it as a rental. If I change the deed to my personal name in order to get a 30-year mortg...
Curious about a particular 1031 caveat as it applies to me...
I sold a single family rental with loan and title in my personal name. I put my gains into a 1031 exchange account. Now I want to purchase a multifamily p...
I'm just starting out, so I haven't setup my company structure yet. I've read a few people that suggest just putting the properties in your name and then maximizing insurance. I would like to have more protection unde...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $194,000
Cash invested: $12,000
Sale price: $300,000
Purchased the property with seller financing and a ...