Hi,My parents own an acre lot, vacant, in Wake County. All neighbors have various sizes and ages of houses. There's not much conformity.Knowing the final decision is theirs, at the very least I'd like them to make an ...
https://www.youtube.com/watch?v=ZBseD64Lt0cAs some 200 FBI vehibles storm Ranch in Burns, OR it's quickly starting to look like the next 'Waco'-like federal siege in the making. Remember that Davidian cult? (Well at l...
Evening folks!
Hi BP!
My wife and I have some leftover 1031 funds that we're looking to deploy into another investment here soon to stay in line with the IRS timelines. We've used about 2/3 of it purchasing anothe...
Hello! New to this forum and community. I'm currently a real estate agent but my husband and I are just now starting to dabble with the ideal of flipping. Have renovated and remodeled many of our own homes over the ye...
Morning all,
Ok so here is the deal.. I have a cash buyer that is willing to pay whatever fees I would like as long as the numbers make sense to them. His only requirement was that my fees show on the "sellers side" ...
I'm working on getting my 6th door as a rental unit. Once I close on that, I'll have 3 single family homes and one triplex. I met with a friend today and he asked me about partnering up on a deal. To generalize a bit,...
I know this may be a silly question for the experienced REI and CPA's; but is it possible to roll a 1031 exchange from a flip house to a rental property. I know that the investments from the 1031 exchange has to be of...
- Relinquished property sales price $205k (original purchase price of $97k)- Replacement property #1 - $170k sales price Question: can I just be taxed on the difference or do I have to exceed $205k in replacement pro...
Greetings BP members,Currently, I am in the midst of acquiring my Illinois Real Estate Agent license and am situated in the Lincoln Park region of Chicago. My past experience encompasses SFH flips and a history of mil...
Hi BP!I am 1 year into a property I 1031 exchanged into. I was given an offer to sell (and seller finance) I can't pass up. I understand from 1031 rules that I need to hold the property for at least a year to keep the...