I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...
Hello All,
I am a first-time homebuyer looking to take advantage of an FHA loan for my first multi-family property. I've been educating myself through BiggerPockets podcasts, reading forum threads, and speaking with...
I currently own a home with my wife in Orlando, Fl. It’s our first property financed through FHA under her name. We are looking to upgrade and buy a second home as our primary residence and convert the first home into...
I bought my primary residence 4 years ago for $150k. Now it's worth $200k because of market increases in the area. I'm planning to buy a new house to live in and rent out the old one, but I'm concerned about becomin...
Can I sell a spec home and turn around and use the profits to buy a vacant piece of land that one day I will build a home on for Primary residence under the 1031 exchange rules?
Hello all, I am a first time homebuyer looking to take advantage of an FHA loan for a multi-unit property. I recently heard about people using an FHA loan to buy a multi unit property and using future rent as income, ...
Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
I know that 1031 exchanges are only for investment properties, and that you don't have to pay capitol gains on the first $250000 for your primary residence (if you're single).So if I have lived in a duplex and rent ou...
Wondering if it is legal for tax/capital gains to do the following:Sell a current rental property in my portfolio (1031 exchange the profit), structure an LLC to purchase my current primary residence from myself (woul...
First thing- my phone will not let me upload my personal info or add a picture but I will work on that.
Secondly- My wife and I have had the opportunity to sell our property to a developer. We have a signed purchase ...