Nate Wengerd
1031 Exchange & Paying an LLC on a Flip
I WILL be talking to a CPA about this but I would like to have an idea of what I’m looking for before going into the conversation.
Now that we got that out of the way, In a couple weeks, my business partner and I a...
Stephanie Zito
1031 Exchange
Hi I am newbie and wanted to find out if you sell a residential property that is titled under an LLC can you use the 1031 exchange for capitol gains exemptions?Kind Regards,Stephanie
Karl Danticat
Tax Lien Certificates
Is anyone doing well with tax liens? In my head I feel like it's a great (albeit passive) way to acquire property.
Kelvin J.
1031 vs leveraging equity question.
Mornin’ BP! I have a $150k piece of land (w/ well if that matters) that I intended to build my primary residence on. I own the land free and clear but I now intend to use it to help get into a MF investment property. ...
Forrest Holden
Raw Land Flip
Hello all, I am interested in buying raw land at auction at far below fair market value with intent to "flip" the land at just below fair market value. How long would I want to hold the property before selling it in ...
Jess White
Should I sell my Single Family home or Rent it?
I have been building a new construction single family, and will be done in March. The plan was to rent it out for 1650$ once completed. All in costs are around 160-170K. Appraisal is 208k.
However, I’m now getting in...
Teresa Wang
1031 Exchange - investment property qualification
I purchased a small house in 2018 and rented it out from Aug 2019 - Aug. 2020 to my sister to use as storage. In Aug. 2020 to now, I tore it down and rebuilding a bigger house on the property. Since I rented it out ...
Tim Jernberg
1031 exchange questions
I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
Andy Wu
FHA 90 days rule, how it exactly count and more
Hello,I have a house I bought in March 22nd and rented it as lease to purchase. Now the tenant want to buy it with FHA loan. What is exactly the earliest closing date for house can be sold.Is it can be closed on 6/21...
Kelby Schimming
Can I 1031 a "flip"?
Hello BiggerPockets,
Quick Note: I did thorough research on this and keep getting contradicting advice.
I recently purchased a property with the intent of holding it as a long-term rental property. I cosmetically...