We've been talking to some brokers about a 1031 exhange. They explained to us that it is almost impossible to arrange a direct property to property exchange, that we would have to sell and buy within the allotted time...
Closing on the sale of a property in 3 weeks and trying to finalize whether or not I should do a 1031 or not. I’ve discussed with my accountant and If I don’t, capital gains would be just under $30K.I’m based in RI, a...
Hi BP,I am in North Carolina getting ready to start doing my first BRRRR. I am in the process of looking for my first property.I was curious as to the inspection period. What if I do not have any contractors to walk t...
I have been looking for the easiest way to finance my first rental property and I wanted to see if anyone has experience with Balloon Mortgages. I have a bank that will give me a ARV loan up to 85%, the 1st twelve mon...
I’m a partner in a partnership that owns land. There are several other partners. The partnership is selling a piece of land. Can I do a 1031 exchange with my my share of the proceeds? Other partners will just take the...
I just lost out on a house because the owners are selling the house for a 1031 exchange property in another state and my offer requested the sellers to carry the loan, resulting in the owners having a tax liability fo...
Im invested in an industrial building. My LLC owns 33% of the building. We have been offered a proposal to be bought out. Can we take our profit from the buyout and 1031 exchange it into another property? Or is this n...
Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell... Would I be able to take my p...
I've had a rental property in Alabama for 12 years; and it's paid for; and I have received an offer/contract for $170,000. I would be interested in hearing your suggestions, ideas, advice, on how you would handle the...
Has anyone thought about the next generation of renters and what the needs may look like - what type of additional amenities this crowd may seek out or may like or want versus the Gen X crowd of renters - Is it to ea...