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So I guess I misinterpreted a 1031 exchange. I purchased a property Jan 2019, a few months ago. I fixed it up and it sold this month, and is set to close May 2nd. I contacted an exchange company and they told me th...
If I put my SubTo in a Land Trust, I can’t get sued and the bank can’t call the Due on Sale clause, right?
Very, very wrong.
There are several reasons you might get sued using SubTo, one is because you missed paymen...
hello all,I have been reading bigger pockets for many years but this will be my first post. Thank you in advance for your help/advice!Background of deal:A local business man that doesn't have much time has purchased a...
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There is a mobile home park I've wanted to look into for several months. I stopped by and talked with the owner today. I had done business with her years ago and she is friendly. When I asked, she said that she had si...
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Hey all. My partner and I have a single family property under contract in Austin, TX. Our plan is to rehab and flip, then roll the profits into a 1031 to use on the next property and avoid capital gains tax for now. I...
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I have a parcel that has a house plus some adjacent vacant land that I have owned less than a year. I subdivided and now have separate offers on the house and on the residual vacant land. The sale of the vacant land...
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Hi folks! I am new to the forum and have a few questions on 1031 exchanges. I have read quite a bit of information in the forums here which has been great but wanted to make sure I am clear on the requirements.I hav...
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I have bought and am renovating a 3 unit building. I'm now going over my options to get my money out of this building. My choice are rent and hold, sell a single unit, or convert the units to condos and sell them in...
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We bought a property in January with cash. We were planning on renting it and had a couple tenants fall through. Now spring has rolled around and we saw what local houses were selling for and decided since we didn't...
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Hey all, I own a boutique glamping hotel. We bought the land in an LLC 18 months ago and immediately began construction. We opened doors to guests just 4 months ago. Our intent going into it was to hold long term. ...