Kirby Vandivort
Questions about transferring properties into LLC
I have a few questions I'm hoping someone (more experienced than I) can give me some guidance on.
My situation:
- I have several properties in my own name. Let's say the ones we want to look at for th...
Adam Treboutat
Newbie from San Francisco, California
Hey everyone! I joined BiggerPockets over a year ago but focused on refining my savings/spending strategy before embarking on my real estate journey. I have a plan to reach Financial Independence at the age of 35 (I a...
Account Closed
Inherited property and stepped up basis vs 1031 exchange
I have a client in California who wants to sell their house to me and keeps mentioning a 1031 exchange, however, she inherited the property in April 2011. This house is in bad condition and I'm buying it as a flip, h...
Eric Smith
1031 exchange with a related party
Hi, we are trying to do a 1031 exchange by selling our rental condo in exchange for a single family home rental. Our condo would be sold to an unrelated party. Our new single family home rental would be purchased from...
Carl Legg
Lowest Cost Solo 401K?
I want to establish a self-directed Solo 401K (not Roth). Who has the least expensive set-up and maintenance fees today?
Stacey Collins
Should I choose the one with pets or with kids?
Hello,We are taking applications for our first rental home. We have two strong candidates right now and would love your thoughts on this.First, it is a higher-end rental ($2350/month for a small 3 BR, 2 BA single fami...
Bob Stein
Holding security deposit for pool
My tenant had the pool closed before the winter, as per the lease. Now, they are moving out too early in the year to test if there is any damage to the piping due to incorrect closing. In NJ, the deposit has to be ret...
Calvin Lin
Landlord using IRS website to check tenant's stimulus payment
Saw this today on social media generating quite a lot of buzz, and negative comments on landlords in general. I have no idea if this really happened but I can imagine an aggressive landlord doing this. This could be...
Ravinder Mahal
Establishing REP status for purely NNN properties?
Has anyone successfully filed an tax return as a Real Estate Professional while managing a purely NNN portfolio?
If so, what activities did you document to prove that you materially participated in active managememt?
Matt Steinmetz
Furnished Finders Lease Questions
I received a request for a 60 day rental this summer. I have completed the credit/background and filling out a lease. I am not sure when to ask for the first payment to be due as it is now January and they won't move ...