Raul Buitrago
How to transfer my Paid off home to my LLC?
Hello,Kids are gone and My Primary home is too big for my wife and I.Here are the facts: We are in Texas. We already have a Series LLC with one Rental property (with mortgage). Now, My Primary home is paid off. We ...
Andy Krzanowsky
Leverage Current Equity or Sell and purchase multiple properties?
I'll try and keep this as clear as I can. I'm fairly new and my market is Lawrence, Kansas. For those who don't know this is a college town that has approximately 50% of it's residents as renters. I am not looking ...
Amanda Glendenning
1031 Exchange Question
Scenario:Single-family home purchased for 49K. Rehab: 25kIf we sell for 95k and want to 1031 exchange does the next property have to be more than selling price or does it simply have to be more than original purchase...
Chris Mason
tax consequences of liquidating retirement question
Hello Wise Tax Professionals,Quick question for you. I'm not actually in a position to do the below, but I'm going to be a hypothetical person with a crap ton of money in retirement accounts, a mix of 401k and IRA.- I...
Jesse Fernandez
Question about refinancing with my situation
I am looking to finance my next deal, but don't know which option I should go for...refinance, 1031, HELOC, etcI have a 2 family rental property, purchased for 280k a few years ago current valuation is 610k. Net month...
Mark S.
how to buy 60 units tax free to the owner. owner will finance if needed.
Hey BP Nation!, i have a question and i hope I'm posting it in the right place. so, one of my mentors in this business is considering selling his portfolio as he is 'up in age' now. after many discussions about his ex...
Matthew Ockwell
Can I use the proceeds from my primary residence to buy investment property tax free?
I had some cash saved for investing in property, and then the perfect home came along. However, they won't wait for me to sell my current home to use as a down payment on the second home.
If I use the cash I've saved...
Tracey Lane
Transitioning a 1031 to Primary Residence
Looking for some input from the BP community.We're thinking of selling a triplex in Venice, CA soon. The property is owned 50/50 between my husband and me and my parents. For various reasons we have decided to sell an...
Edmondo Morgan Jr
$100k rental income vs $100k earned income taxes?!
Looking to understand how one is able to pay less tax via rental income and at the same time keeping more at the end. Thanks in advance!
Javier Carrizosa
What is real net worth when on investment properties?
So the main definition of net worth to my knowledge is, after selling all assets minus liabilities you get your net worth. I believe a lot of times when we try and do a quick net worth calculation for an investment pr...