I have a 1 FAMILY RENTAL property that I have been renting out for 2 years.My cost basis for the property is 500k. I would like to do substantial improvement to the property by building additionand increasing square ...
Can I use my personal credit cards for business expenses and somehow expense it to my LLC bank account? I really like the points benefit I get from those credit cards (i.e. Chase Sapphire Reserve, AMEX Platinum, etc...
Hello BP landlords,I am in the process of closing on a SFH as my first rental property. I have been listening to both "The Book on Managing Rental Properties" and "Landlording on Autopilot". Both books recommend to in...
Hello fellow BP'rs!I have been trying to find concrete info on laws...but it seems to be a grey area? I acquired a new unit and I'm now looking at a 1031 exchange of a portfolio (5 units, commercial financing) into s...
Can I use the 1031 exchange from a raw land purchase to a small condo and then rent out the condo/house?My situation is that I've purchased some land on the coast and if I flip it can I take that gain and put it into ...
Hello, I’m a little situation here and I’d greatly appreciate some advice. I bought and lived in a property for 6 months while renovating it. It was purchased for 200,000 and I believe I can sell for 290,000 or so. If...
I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
I am active in the Indianapolis market. As a franchise owner specific to the investing world, I'm working diligently every day to locate new ways to identify properties to buy, either as wholesale transactions or to ...
There has been much discussion about too much growth in Castle Rock and the infrastructure being built is not fast enough to support it. Some residents are trying to recall some Town Council Members because they fast ...
I'm searching for a multifamily property to househack at the moment and this is a question that's been on my mind. I see the benefits of managing your own properties at least in the beginning of your investing journey...