Will S.
Can flipped properties be 1031 exchanged?
If I flip a property can I put of paying capital gains by doing a 1031 exchange and buying a new property to flip within 45 days? Secondly, if I do this for two years will I be taxed at the long term capital gains rat...
Michael McDaniels
Adverse possession laws.
I know of a property that the owner has died. Their is no next of kin. The home had a small fire in the living room and so the house needs work. The town has placed deficiencies notices on the property and I am told t...
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Do I need a license to broker private/hard money loans?
I heard that there is no license needed to broker private/ hard money loans, Is there any truth to this? I know that you don't need one in the commercial sector. Is there one needed in the residential hard mney sec...
Rhonda Wilson
1031 Exchange into DST or TIC
Hello BP community, we have done a couple of 1031 exchanges into apartment buildings. Next year, we would like to sell one of our smaller properties (a 4-plex) and do a 1031 exchange to defer capital gains taxes. As e...
James W.
Redemption after Sale of REO.
Hi guys - What happens if the foreclosed owner tried to redeem the property that I have bought from the lender?The property is no longer with the lender - so does he take it back from me?Does the owner pay the lender,...
David A.
Friend severed fingers on a job site yesterday!
Hi all,
I have a friend that had an accident yesterday while remodeling a home. He had to be airlifted to the hospital and lost two fingers. He has been working for a guy for the past 7 years or so doing remo...
Tin Nacaj
Taxes After Multiple 1031 Exchanges
If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties. For example, if I buy property #1 for...
TJ Addison
Sophisticated investors in syndication
Hi all!
I have a long term interest in doing a syndication deal or two. In my initial research and education I have noticed most of the syndicates interviewed in podcasts and blogging only accept money from accredite...
Tim Jernberg
1031 exchange questions
I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
Brad Tarry
Funding a Self Directed IRA
I recently left an employer where I had a significant 401K balance. Is it possible to roll a portion of the old 401k into a Self Directed IRA and roll the rest into my new employers 401K program?