When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...
Hi All,I’ve been lurking for a while and am in need of some advice on what my next financing move should be. I’m 33, married, no kids and own 2 rental properties in NE Florida (both currently STRs):Property 1 is a 2b...
I’m curious how the taxes work for the seller. If they are owner occupiers then they won’t have capital gains anyways. So in that case it is really just the income stream they can maintain.
But, if they are tired lan...
Seems I'm seeing more and more local news about new construction of subsidized low income housing projects and the reaction by those who say "not in my neighborhood."
Usually, the red tape associated with these proje...
I’m closing on a multifamily Home next week and the seller promised to deliver the building vacant. The sellers broker called me today and said one of the tenants hasn’t left yet and asked me if I️ want him as a tena...
Hi All,
I've been exploring partnering with a US citizen (I'm Canadian) to purchase small (i.e., "residential") multifamily properties together in Chicago - 2-flats or 3-flats.
Traditionally banks don't...
Hi all. First time posting here!I'm new to the real estate investing game and wonder if others have strong opinions (either good or bad) about all in one loans. My finances are solid and the all in one sounds really t...
I am in the process of having my architect work on a zoning permit for the rowhome that I’m rehabbing. He told me that I would need a land survey of the property and when I didn’t know anyone in the area he said he w...
My partner and I are in the process of acquiring a not so well maintained ( Pop had it for 20+ yrs) in a small town. The seller would provide an "adhesion contract" to sell the building for 85K "AS-IS", ARV is difficu...
The first time I talked to them on the phone it seemed too good to be true! I asked them straight forward questions about there financing and they stated that there interest rate was only 5%. I was amazed by that and ...