I have a question regarding a 1031 exchange. I just purchased my first flip and should make a nice return on it. My question is, with a 1031 exchange do I have to find a brand new property or can I use the proceeds...
Hello, 1 year ago I bought a property in Paterson, NJ for 187,500 ( I got a deal). I strongly believe I can sell the house for 250,000. I am currently collecting 1,250 monthly rent from 2 units each which leaves me ...
Hello,
Can you please help me in this fourplex deal analysis
My goal is cash flow long term
Sale price - 440K
Rent - $3675/Month
Down payment - 110K
Loan - 330K at 5.5% rate
Location - San Francisco
Thanks
:cool:
First time investor here. We are only getting into this market because we are trying to help a family member, but we would like the plan to help our future too. Original idea - buy a duplex in Sacramento, CA with 25...
Can someone explain to me how tax depreciation works as an LP? At what point do I actually pay taxes on my capital gains? Is it really just deferment and at some point I'll have to pay on all of it? Seems like a too...
Hello all,I've only heard of 1031 exchanges casually. I have a SFR that is closing in the next 10 days and my brother asked me why I wasn't doing a 1031. I don't know why! Maybe I can't? The SFR was my primary residen...
Hi All, I recently rented out a room in my house for 3 months. What all can I write off?Also, he ended up not mowing the lawn (which he was supposed to), and the city came out and did it. I did have my friend mow th...
I am looking to do my first live in flip for a year. I'm a commercial banker now so usually only handle commercial transactions over $5M.
I'd like to get in a house at 5% down (conventional) and flip a house in a ye...
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
I understand you can defer taxes on SFH through a 1031 exchange, but what about tax deferment as an LP of a syndication? It's my understanding you'll have some paper losses due to depreciation that you can push to fo...