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Hi!! I have a property that I co-own with a business partner. I have been rehabbing the property and a going to be selling it soon. I am looking at investing in a local bar and I was wondering if I could 1031 exchan...
Here is the scenario; I want to purchase 60 acres of land for $300,000 ($5000 per acre) and have an owner who will carry the financing. It is possible to sub divide off one lot and I already have a buyer who will pa...
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Folks, I have a question about a scenario. Bought SFR at $235k (Depreciation base: $200k) in 2016. The property depreciated for 7 years Loan on property: 200k ; Current market price: $360kIf I do 1031 exchange...
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Hey guys. I'm currently in the process of closing on a house I plan to flip. Purchase price of $80,000. Needs about $20,000 in renovation and then will sell for approx $135,000. How can I roll over the profit from thi...
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Can you do a 1031 exchange on a SFH or is this just for multi-family (triplex, duplex?)
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Since joining BiggerPockets I have done 2 wholesale deals and potentialy working on the third right now. My situation is such that a another wholesaler would like to bring me into a deal because they are not familar w...
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A question – We are looking at wholesaling REO’s. We intend purchasing a REO’s in a llc and then selling our rights/interest in the llc and collecting our fee.
What we need to know are the steps involved in doing th...
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If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
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Hi all, interesting question if there is any way to do this. I am selling a 4 plex and want to 1031 into a couple properties. My question is whether one of those properties could be the current house I live in. I woul...
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Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...