Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
I would like to sell a couple properties in the future, would I be able to use the 1031 strategy to buy one house that I would use as a primary residence? Would I be able to sell 10 houses in a package and use that to...
Paul Gilo
How to cover my butt as a private lender. Legal docs? Lean?
Hi, So, I'm trying to make it simple... I got money I am lending to a brother in-law to purchase a property. Property needs cosmetic work. He will do the work him self and pay for repairs him-self and then occupy the ...
Zane Cress
1031 Tax Question
I have a note out to my tax person but they take a minute to get around to things sometimes, wanted to see if anyone has dealt with this situation before.Sold property in my LLC and purchased new property with a hard ...
Ernie Hogue
How are option fees taxed?
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
Kathy Merkh
Finance International Group, LLC
Hello ~ anybody familiar with the above outfit? I'm thinking of doing a loan with them but it sounds too good to be true and you know what they say about that. I'd love to hear if anyones had any personal experience...
Jasmine H.
Applicant doesn't want to provide social security number
I have two applicants (they are friends) who want to move in with a nanny for one of the applicant's child. They love the place and we like them and think it will be a good fit. The issue is they don't feel comfort...
Jason Malabute
USE BOTH UNITS IN ANALYSIS BUT ACTUALLY LIVING IN ONE
I heard Brandon say that when dealing with an owner occupied duplex you should analyze it as if you renting out both units even if you're actually living in one of the units. The idea of thought behind this is that yo...
Jason Goldberg
Moving rental prop to LLC
Hello all,
I have a condo that i purchased 3+ years ago that i lived in for 2 years as a primary residence and then moved to a new house and now rent out the condo. I am currently renting the condo and unfortunatly ...
Dan N.
Personal tax benefits if property is under LLC?
HiI hear everyone talk about tax benefits and deductions (mortgage, depreciation etc) from owning real estate.However, what´s not clear to me is how can I apply these benefits and deductions to me personally if I plan...
Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...