Dorian Gray
Converting 1031 property into a primary residence
I’m considering getting out of real estate investing. The thought came to mind of selling my properties (4) and getting a single family residence, renting that out for a couple years and then moving into it, convertin...
Daniil Grinchak
Tax Question - Building and Selling New Construction
Hi All,I am looking for an experienced tax CPA in Charlotte, NC area. I have questions around taxes for new construction that I will be selling soon. I have searched through BP but still not confident on what I need t...
De Von Gaines
How to come up with earnest money for wholesale deal?
Hello B.P. community. I was wondering how I can get past not having the money for a earnest money deposit? The seller (a investor) understands my situation of being broke looking to get started. Understandably he is ...
Ankan Basak
Should I let town inspector in my rental?
House is a duplex. Renting out 1st floor while I live upstairs. Got a notice of violation saying - "alleged illegal apartment, need to inspect premise". Dont see actual violation code on the notice. Not sure how inspe...
Bill Exeter
Year-End Tax Planning for Failed 1031 Exchanges
Investors often ask “what happens to my 1031 exchange transaction if I sell my relinquished property and cannot find suitable like-kind replacement property to identify, or I cannot acquire the property that I did ide...
N/A N/A
taxes on a rehab or flip
I am interested in getting into flipping or rehabs. I read a lot of posts by r2d2 up in Canada, but one thind I havent heard info on was lets say I buy the home for $150,000 and I put about $10k into it (just making t...
Nathan Ashram
Lease Option Explanation
Hey guys Greeting from NY ... I have a question: I sent an email (on craigslist) regard a house that I saw for rent and offered to lease it for 2 years with option to purchase. The person that post it is an agent. I t...
Gabrielle T.
Investing in commercial syndication using Solo 401K
Hi everyone, if I want to use funds in my self-directed Solo 401K to invest in a multi-family apartment commercial deal, are there any caveats I need to know about for asset protection? I'm just a passive investor, so...
James Bailey
New idea .. Do you think it can work? would love suggestions
Hi all, I'm up in Alberta, Canada and it gets pretty cold here in the winter. I have buy/holds and I do some flipping but the market really slows down in the winter and that's not a time that I want to try and flip a ...
Hongling Lu
Is the Capital Gain Taxes Regulation Rule the Same Across States?
I have recently bought my first property in Michigan. My plan is to live here, make some improvements, for the next two years or so until I finish my dissertation and graduate from PhD, then sell the place as I move t...