Hello,Can someone please explain how I go about re investing money with a 1031 exchange? Do I need an attorney? And is there an opportunity to keep any of the money for myself tax free? Or do I need to put every penny...
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Hi all, I wanted to get some specific advice as I am planning for my sons (and future children's) future, and am trying to decide on what type of account to open for my son to start investing
I originally was drawn t...
My current primary was purchased in 2018 with a conventional loan. My intent is to convert my primary into a long term rental. I’m curious as to the strategies that are recommended to ensure I’ve covered all my bases ...
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Hello,I'm a Licensee and I invest in RE with my business partner. When we buy MLS properties; Would it benefit us more to take the commission or should I decline the commission for the sake of lowering the purchase pr...
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Hi! As an investor, what is the value of Cash out Refi vs Selling. I understand that I do not have to pay capital gains tax on a cash out refinance. So to that point, why wouldn't I cash out refinance, grab that equ...
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Hi all,
I am currently listing my home for sale (lived in it for 18 months) with my realtor and plan to net approximately 61K after closing costs etc. I want to take a portion (or all of it), and put 20% down...
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Hi BP - I had a bit of an early stage 1031 exchange question I was hoping to seek the collective wisdom of this group on.
Context: I have an investment property in CA which I'm going to be 1031'ing into a property i...
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Purchased a primary residence in March 2017 and lived in it until Jan 2020, then rented it out until May 2022 and sold in June 2022. We owned this residence for just over 5 years and lived in it for at least out of ...
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I've searched about this but am getting conflicting info or maybe just misunderstanding what I read.
Two months ago I sold my primary residence in Houston, Texas. Profit was about $100k.
I file taxes as single.
QU...
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I was 19 when I joined bigger pockets and gained so much knowledge. To keep it short. I worked etc. (W2 job) eventually found a good deal. I bought it for 220k. It can sell now for about 400k. I lived in one the units...