Jorge Abreu
Influencing Others Through Action and Proof 👊
When it comes to motivating others, avoid talking non-stop. I believe in demonstrating rather than just explaining. Looking to achieve success in real estate investments? Completely achievable, my buddy. And guess wha...
Evan Manship
Buy, Rent, Fix THEN Flip?
I have a grand plan in mind for a possibly 1031 exchange in the next year or two and wanted to bounce it off you experts. 1. Bought a buy/hold property in February for $30,000. The property is currently leased at $750...
Allen L.
After finishing rehab for a flip, what do you do next?
Hi all,What do you do after you finish rehab on a property that you intend on selling? I see a few options and want to hear what you do and whether you have any other good options. The point I want is to reduce taxes,...
Brandon Sturgill
Does 1031 Impact Ordinary Income From Sale of Rehab Property?
So, my CPA indicated that a 10301 really won't assist in deferring capital gains because capital gains are irrelevant when selling a short-term investment. His explanation is that the profit will be taxed as ordinary ...
Melanie Hartmann
AGENTS: FSBO or Listing with an Agent?
Hey all! I'm curious to know what potential sellers state are the reasons why they choose to list their house with an agent (and how do they choose a particular agent) vs. when they choose to sell FSBO.What do you do/...
Teresa Wang
1031 Exchange - investment property qualification
I purchased a small house in 2018 and rented it out from Aug 2019 - Aug. 2020 to my sister to use as storage. In Aug. 2020 to now, I tore it down and rebuilding a bigger house on the property. Since I rented it out ...
Clay Miller
1031 Property LLC and additional members
Hello,My question is two fold. From what I have been able to gather from your forum is: If I have a 1031 property in my name and have held the property for 1-2 years that I can transfer it to an LLC and that should n...
Julio Gonzalez
Real Estate Professional Status
What is Real Estate Professional Status?
Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other typ...
John Blanton
How Quickly Can You 1031
I recently closed on a 14 unit MF property in Central NC. I was able to get it at a fairly low basis and it appraised well above the contract price.I have spoken to brokers that have told me if they being me an offer ...
Jared Asch
Primary Residence 1031 Exchange
Do you know of anyone who converted their primary residence to a rental property (in San Francisco area so selling for more than $2 million) before selling it later under a 1031 exchange? Obviously, only makes sense t...