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Confused. If wholesaling is legal in WI without a license why is it illegal to have a property under contract without the intention of actually buying the property yourself? Isn't wholesaling defined as selling a co...
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I have been trying to read up on the 1031 exchange rules and haven't gotten a clear answer. I currently own a rental property (condo) with a decent equity. I was thinking of doing a 1031 exchange and buying a SFR that...
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Hi BPers. I am new to the wholesaling game and am still trying to learn all I can. I live in NY so I have to deal directly with attorneys for closings vs title companies so I can't write a contract. My question is if ...
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Looking to possibly purchase a lot or purchase a lot with a home for teardown...When this is done, basically the purchase of the property/teardown is a sucken cost? is that correct?Also was a typical financing for th...
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Hello everyone! From what I've gathered, when converting a property acquired via a 1031 to a primary residence, one needs to be very careful to not trigger tax consequences by rkeeping the newly acquired property for ...
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I’ll try to keep this as short as possible. I purchased my first real estate investment property in October 2018, under a newly created single owner LLC. My intentions from the start was to purchase outright then reha...
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My background: I'm 34 yrs old, started out as an RE agent in 2005. I love and have such a passion for real estate and every single component within the business. But, being a RE agent wasn't exactly for me. I would ne...
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I'm trying to start and grow my real estate portfolio. Right now I'm digging into a foreclosure and looking at exit strategies. I want to get cash out of it to finance the purchase of other properties. I am looking at...
HelloI m finishing a new single family home on a land I bought 18 months ago.I don't want to live on it, just resale it...Can I do a 1031 exchange with it to buy another land or another property ?
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I am about to begin a BRRR project where i plan to rent it as a short term rental after completion. I would like to have the ability to sell and 1031 if need be, but would like to know the exact details as to the time...