Say, I'm selling a house for 200K but I owe 80K on it. As I understand it I have to reinvest 200K to complete the 1031 Exchange. Could I take the 120K of my money + 30K of my cash + 50K from a partner? I guess what ...
So I've been researching real estate investing for a year and finally deciding to pull the trigger. I'm having a hard time with the funding portion. All the hard/private money lenders I've reached out to require at le...
Hi,Currently, I manage my rentals myself. Do I need to QCD them to a LLC? Or do I need separate LLC for each rental? Any pros and cons? Even with LLC, can I still do taxes in 1040 Schedule E?
I'm spinning up a wholesaling business to drive better opportunities for my BRRRRs, but everything I do is remote. So my question is, who do you use to do your property walk throughs, take pics, etc? Also, is that per...
Hi everyone,I am a new investor located in Central New York. I am looking at several multifamily properties around the Auburn NY area with a family member. My family member has the money to help me get started and is ...
I am a member-manager of an LLC which owns a property that I would like to 1031 exchange into another property and then move into. Can I do that? And, what is the best way to make that happen? Could I rent from the...
Hi everyone, I'm just getting started on this real estate journey and love the BiggerPockets forums and podcasts! As I prepare to purchase my first investment property, my mom came up with an idea to join forces. She ...
Hello everyone, my name is Charles Cinco and I'm fairly new to the world of real estate, but I am thankful and glad that I have my cousin (also Charles) running with me on this journey! Our drive is towards wholesalin...
I have 6 rentals that I and my investment partner bought through LLC (50/50), in 2019, for around $1m, before COVID. We're now planning to split the properties (3 each) and go our own separate ways. Over the last 4 ye...
I have a question for the BP knowledge base: my brother wants to house hack but doesn't have money for a down payment and may not qualify for the loan. I want to purchase a duplex but would rather not have to come up...