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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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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...
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Hello Everyone,This is my first time posting here and was hoping to get some assistance in reviewing the loan terms I've received from a local bank. Are they good? Are they pretty standard? This is my first time se...
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I own a tri-plex in a lower rental area. Not get neighborhood and tenants.
Question is can I sell that property in a 1031 exchange for a primary residence.
I’d rather rent out my SFH I live in now. I would want to t...
Hi, I am new to real estate wholesaling in Canada. I am just curious, is it Illegal to do wholesale real estate in Canada being unlicensed? What I mean is, Find a seller, make an offer -> put a little bit of cash d...
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Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. ...
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I'm working on a SFH rehab that was intended to be a long term rental. Without going into details about why, I ended up making the house nicer than expected of course spending more than expected (about 100k total [50...
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Once I build myself my first house, I want to sell it and put the profits towards building a fourplex. But I can't find a definitive answer on whether I can use a 1031 exchange to build a building or not or how easy w...
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I purchased my investment property in Nov 2021 as a 1031 exchange in Seattle. I currently live in Visalia California but just got a job in Seattle and will be moving there in April. It has been a challenge to rent ...
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I have recently rehabbed a Property. I Purchased the property under my personal name. It is now on the market so I would like to sell it and do a 1031 exchange under my LLC name. Can this be done? Any suggestions woul...