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Hello all, I am a new wholesaler just getting my beak wet. I have found someone interested in closing a deal. Ideally I would like to just get this BP contract I found under the file place signed online so I can get t...
Hello,I am considering doing a 1031 exchange on an investment property that I have and would like to know if there is a possibility to convert it into a primary at a later time? What would be the tax consequences. App...
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I am new to BP, and have spent hours combing thorough the forums... it is remarkable how giving and generous so many of you are, thank you.With that being said, I am looking to build my first spec home. I have learn...
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Hello everybody,I bought a house "up north" at a tax sale at the end of 2013. Original intent was to fix it up and move/live there. The house needed work but I didn't do to much to it in 2014 but this year I am gettin...
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Recently purchased a 3B / 1.5B and my intent was to rent and hold. I have 122K invested total after rehab and was initially estimating the house had an ARV of 150K. Found out today that was incorrect. It would be v...
I purchased a Single - Family home with the intention of turning it into a househack. The home has been registered as my primary residence. I have been working on many renovations since, but do not have any rental in...
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Greetings, I purchased a home in Feb that I was intending to renovate and add to my existing buy and hold portfolio. The renovation is near completion, and I was approached by someone that was interested in buying. T...
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I understand that "like kind" is extremely generous, so trading vacant land for real estate shouldn't be a problem. But is a "vacation home" that gets rented out on VRBO or the like when not being used by owner consid...
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We bought an STR using a 1031 but spent the first 6 months rehabbing before renting. We'd like to move in and understand to defer taxes must wait w years. Does this timeliness start from when it was rented and after r...
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Hello everyone ! My first flip is coming to a end two more inspections and the for sale sign goes up. Now I'm looking for a multifamily 3 units or more for my 1031 Exchange. I am welcoming any advice or shared experie...