I’ve come in contact with an investor who’s wants to invest with me. But the terms seem a bit steep. The basics of the deal looks something like this: We open an Llc with 50/50 ownership. He provides the cash for down...
Upon selling my valuable 2 family house in which I hold the deed , do I qualify for a 1031 exchange on my rental unit (which was originally occupied by us but has been rented out for the last 5 years) as well as qual...
Hello fellow investors,
I spoke with an RE agent here in Augusta, GA today. As listed agent for two REO's here I called to find out their status. She said they'd been sold and nothing in the inventory, all of Augus...
I would appreciate some advice as I’m getting started looking for my first investment property. I have a friend who is a real estate agent, and I’ve talked with him about my goal to purchase my first investment proper...
Hello Bigger Pockets community,
I'm currently in the early stages of purchasing a property with a partner, and I have some questions about the potential tax implications if we decide to sell within five years. Here's...
Hey Everyone!
I have purchased a few properties in the past, and this time around I got into contact with an agent who claims that they will find me an off market property at discounted price for us to fix and flip...
Hi all! Basic etiquette question, but if I am targeting a specific metro and am hoping to have realtor help in searching for deals, should I contact several good realtors in the area, let them know my niche and ask if...
What would you do?
I'm looking to utilize a professional real estate agent to help find another great multi-family property for either buy/hold or better yet, rehab/refi/hold (BRRRR)
What's more effective?:
A: sign...
Hi all,I have a question about capital gains exclusion (living in property for 2 of the last 5 years). From what I understand, the exclusion is sort of pro-rated (e.g. if one owns a duplex and lives in one unit, then ...
Scenario: I have house hacked a Full Duplex for 2 years (lived in unit A, rented out unit B). The Full Duplex has two tax IDs, one for each unit, so I can sell each unit separately. Let's say I now sell the rental uni...