Brett Synicky
Do heirs get stepped up basis for real property
Here's a question for all you probate attorneys out there. My guess is that it's a softball but google couldn't even hit a slow pitch so here I am. Scenario: Two brothers own a piece of real property together 50/50. ...
Tom Smith
Is there any minimum length to do a 1031 exchange on a property?
Is there any minimum length to do a 1031 exchange on a property? Let's say you but a owner-occupied rental property but then decide that you want to move to another state to do another house hack in 3 months. Could yo...
Steve K.
Tax Filing on Foreclosed Rehabd Primary Residence/Rental Property
After a long wait and patience, I purchased new home in our new home state of PA. Long shorty short, after going thru a long mortgage process, wasting 3 months and paying HUD extension fees, we decided to go for a cas...
Carey L Rouse
Gain and tax implications with selling your wrap note
What are the gain or tax implications with selling my wrap note? I'll provide an example to explain. Lets say I get into a rehab project. I pay 40k for the house and 20k for the repairs and eventually refinance int...
Cassidy Burns
BRRR Deal Executed and Resold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $50,000
Cash invested: $25,850
Sale price: $112,846
BRRRR Deal Executed and now turning into a 1031 exch...
John Clay
What I'm Currently Up to!!
I'm working with a local agent in Pueblo, Colorado and lucky to have her as my mentor! I will be the project manager overseeing this amazing flip.
Details:
-1600qft/3BR/1BT
-Two car Garage
-Shared driveway
-Buil...
Marcus Mathews
Primary Residence Exclusion + 1031 Combo?
I am selling my two unit property here in Portland, which is a small 2/1 house along with a detached 1/1 ADU on the back of the lot. I have lived in the main house for well over two of the last five years, so that def...
Account Closed
Re: commission split
Hey all,If an agents name is on a listing with the corporate/principal broker, is it assumed that your the one receiving the commission, and the principal broker is like the "house", or the principal will split the co...
Jay Garcia
Subject to pre foreclosure with equity
Hey everyone, I am a new investor exploring options and trying to learn as much as I can. Right now I have questions regarding buying a property subject to existing financing. The property is in pre foreclosure. I’m f...
Christopher Shutrump
Investing as LP in Real Estate Syndicate using self direct IRA
What happens to the the accelerated depreciation received from real estate syndication owned by IRA as LP? Is this held back and available for use when funds are eventually pulled out of the IRA?