Hello experts,I was wondering if a single family new construction project could be structured to benefit from a 1031 exchange. If yes, what’s the requirements?Concept: buy an old house, knock it down, build a new one ...
Recently I have been seeing a lot of negative posts about how there isn't a way to invest in real estate in the current 2023 environment. (High prices and even higher interest rates) I am here to present an option to ...
Sorry for the double post, but I couldn't edit my last one.Would you purchase a multi family that had a lead water main if you didn't have the budget to replace it? The estimate to replace the one in my situation is a...
Hi guys,I'm trying to help a relative here and I need your insight.She bought her house for 70k in the 70s, now the area is well sought after in SM and it's worth north of 3.2MIL....it was never rented and now that sh...
I'm selling a rental I've had for several years now and will profit over $200,000. In addition I have some cheap private money allowing to make a purchase in the realm of $500,000 cash.
My plan is to sell this prop...
Hi Tax Pros,I'm a mortgage lender. We kind of have a love/hate relationship, but I'm probably never going to ask you for any sort of letter "guaranteeing" that Sally's business is "guaranteed" to make $X00k/yr for the...
Hello All,I have a situation. Not sure how to approach this and any advice/suggestions would be appreciated.I have a friend who asked me about a reverse mortgage. He is 55, his wife is 67 and disabled. She owns thei...
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
I work as a first responder in a hot market. On a daily basis I go into homes of people that would be perfect for creating a list of homes to try and wholesale to local flippers.
My question is...
Are there any le...
I am a flipper from CT moving to Fort Lauderdale in a week looking to buy property to flip. My concern is: will it be more difficult to find a buyer if the home is not built with block? Many of the distressed homes I ...