Hello. I'm part of a 4- member LLC, which owns a SFR. We are selling the property and would like to use a 1031 exchange. Now, the four of us have contributed from our own pockets towards the purchase and renovation of...
Hi everyone! I have been trying to run my own estimates on what houses cost around the area where I am trying to invest. However, Zillow in texas has discrete prices and it won’t show me what the houses were sold as. ...
I'd like to get a survey going.When evaluating houses, what's your criteria for:1) Cash flow per door (e.g. $100)2) Cash-on-cash return on investment (e.g. 12%)3) Do you only use one metric or both? Does a house have ...
I have been researching companies to open up a sdira through, please share pro's and con's? Have anyone heard of rocketdollar?
I live in the North Florida area, and am friends with someone who owns a cheerleading and dance studio. He and his business partner are looking for a new commercial space, somewhere where they can expand from the smal...
I bought a restaurant building in March of this year. The building is around 10 years old. I used 1031 exchange to buy this as a replacement property - sold the original in Dec last year. My question is, do I have any...
Hello expert CPA friends or Lawyers at BP!!One of my clients recently asked me if he could sell an investment property (a rental) with a 1031 Exchange and use that money to buy a primary residence. I didn't know what ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $110,000
Cash invested: $40,000
4 Units, Shotgun with 3 rooms each. Purchased with 2 tenants in place. Up...
Has anyone used the Backflip App to get a ballpark ARV and/or to estimate rehab costs? How accurate was it? I usually use its rehab price and then add 20% onto it.
We have an accepted offer on a duplex we are buying in Toledo, OH. We live in MI [but 3 miles from Toledo...so we consider ourselves Toledoans]. We need to get insurance for our property while it is empty and then aft...