James Boreno
URGENT: 1031 Exchange Questions
Hello,
Currently in a 1031 Exchange and have a few questions.
We sold this property last week and we are currently in a 1031-exchange. We are trying to figure out how we can hold title to the new property. Our 103...
Erik Allahverdian
Wholesaling Possible as a Real Estate Agent?
Much knowledge being dropped by the top tier investors and savy beginners on here.Much respect. As a an upcoming real estate agent in Houston, Texas, does anyone know the ins and outs of wholesaling while being licens...
Giedrius C.
Passive investor in flipping and self employment tax
I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...
Nam Trang
How to start an LLC?
new investor here- just got my first of (hopefully) many duplexes. Would it make sense to put it and any future properties under an LLC? Also how do you go about starting an LLC?
Cole Fleishour
Tenant refusing my entrance of property due to COVID
My current tenants are both medical doctors and refuse to let me inspect my property. They say I can't enter due to state and federal regulations and their professions. I think they could be using COVID as an cover to...
Trevor Dominique
Tax Advice - Selling Failed Investment for Loss
Hey BP,Reaching out to get some advice from a tax strategy standpoint. I currently have 13 units and am looking to aggressively grow my business over these next couple years. I have one property that was a complete fa...
Marian Smith
Who to use as a QI in a 1031 delayed exchange
i don't see anywhere in the IRS code that states that the QI needs to be anyone in particular. It just can NOT be a relative, or your accountant, realtor, etc.I was just quoted a $1200 price for a 1031 exchange prof...
Colton S.
Home Repairs
Hey guys,I have a big question that we do not know. First off, we are buying a home in the Wendell, NC area, this will be our primary residence. That being said there was some repairs that we requested on the home to ...
Rob Pattison
Needing a second opinion on my $51k tax obligation
I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...
Kat Rathell
Prospective tenant red flags at showing
We had a showing at one of our C class properties yesterday, and a propsective tenant came in with a boyfriend. She submitted an application (incomplete, and that in itself is a red flag, short rental and employment h...