Ben Bourgeault
1031 Exchange
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...
Sastry Srini
1031 Exchanges - multiple properties
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...
Mike Olson
Can I use 1031 Exchanges funds as a down payment on Owner finance
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...
David Sanford
How does Repeat in BRRRR work?
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...
Vince Williams
1031 exchanges on SFH???
Can you do a 1031 exchange on a SFH or is this just for multi-family (triplex, duplex?)
Mike O.
looking for wholesale advise? structure? documents?
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...
Paul Shinn
Selling my interest/rights in llc when wholesaling REO's
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...
Maher Bateh
capital gains tax?
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...
Justin Conza
Wholesale Lease Option Paperwork
Hi, My name is Justin and I'm a newbie to REI but I am very eager to get started investing. My background is in IT as a Systems admin and I've had my hand in a lot of other smaller business ventures. Now i am really t...
Paul Milnik
1031 technical question
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...