Looking at purchasing rental property(s) in a Phoenix neighborhood. Everything about the neighborhood is great, except the stray cat problem. There is a cat colony there, not just one house, throughout the small nei...
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...
I have a SFH with equity that I will be selling and 1031 exchanging for a commercial/mult-family property. Can I legally syndicate the new acquisition, and if so, will this just create a tax accounting nightmare?Ahmed
Hey all, I have a very high level tax strategy question / hypothetical as a sole proprietor LLC.
Let’s say I own a place worth $100k. After expenses, I net $15k in cash flow at the end of the year.
I then take tha...
Hello everyone, my name is Wayne, I live in Michigan, and I am a newbie to BP.com.While a newbie here, I do have some experience in the real estate game.I have two SFR condos rentals that are doing quite well at appr...
Selling property in an LLC that I own with another investor. I'd like to 1031 exchange my portion into another property that I'd buy myself. Kosher?
I'm thinking of purchasing a property in Louisville, KY, but I am an out-of-state investor. How much does it cost to create and maintain an LLC in the state, or is it more worth it to create one in my state and then ...
Hey all! I just got a very warm lead that is in quite the predicament. I'm very familiar with every aspect of real estate - except short sales. I have someone that currently owes 3M on a house that can only be sold fo...
Does anyone know how TIC's affect 1031 exchange inheritance rules? Specifically if an heir was looking to co-invest with their parents in a 1031 exchange property, typically this would screw up the estate inheritance ...