Hey BP community! I am brand new at this and was just wondering what is the first action steps that an absolute beginner should be taking? Looking forward to any and all wisdom and knowledge. I'm in Canada so any fell...
Hi BP community!We just closed on the sale of a rental property and are doing a 1031 Exchange to finance the purchase of 3 rentals. The process is fairly simple, there are some rules on the minimum debt and price of y...
Hi BP!Getting a crash course in real estate investing and 1031 Exchange and I'm finding that I need a Real Estate Attorney - stat! I'm partnering with my brother and sis-in-law (50/50) and we are about 2 weeks out fro...
Hi,
I'm an investor looking to acquire land, build, and sell luxury homes in the Scottsdale/PV area. I'm looking to identify a builder with the following characteristics:1) Eager to grow his/her company and reputatio...
A few years ago I purchased an investment property in another state. Although not listed for sale, I recently received an unexpected offer which was enough to motivate me to sell.Now that the contract is about to be s...
Hello! So I have the potential of selling my property and gaining a profit on it. Does anyone know how long a person can hold the profits from the capital gains after the day of sale and what are the parameters for re...
*** I put Erick's name in the subject hoping he will chime in too since this is his niche *** Sorry Erick I misspelled your name in the subject line, I can't edit it for some reason.
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I heard only rental properties qualify for 1031, but not flips. Is this true?
Ok so basically - as long as I buy a similar property within 45 days of selling another (and none are owner occupied) - I can avoid being taxed is that right? Does the 45 days have to be after the sale of the original...
Looking for advice, looking to make a larger multi family deal in the near term but would also like to sell current SFR properties that have capital gains. Therefore looking at a reverse 1031 exchange. Is the below in...