Justin C.
How to calming sellers tax fears
Good day BP, I have a seller who would like to sell his 2 small multifamily buildings but is nervous about the tax burden if selling both in same year. He has agreed to owner financing. Would owner financing spread ...
Brant Richardson
401k owns LLC that invests in real estate?
I talked to a representative about making my 401k self directed to invest in real estate this morning. He said I can not invest directly in real estate with a sd401k but I can invest in an LLC with the sole purpo...
Bryan Hancock
Working For Promotes Or Compensatory Shares To Reduce Taxes
We're doing some planning for next year for taxes and what is becoming increasingly clear is how stupid our tax system is. Projects we set up as syndications where we're contributing both labor and capital can be str...
Ricardo Diaz
Trying to pay less tax on money from llc
Hello. I think I’m in a tricky tax question and before I ask someone I wanted to get an insight from members. I refinanced an investment house into a two partner llc which I am one member. We received money and sits i...
Kelvin Law
Sell or Rent
Two family house
Purchase Price: $880,000
Intend to sell for $1,380,000
Current information:
1 FL rent: $2600
2 FL rent $2300
Mortgage payment: about $3000/month (inc the property tax)
Utility: appx $1800/ y...
Ricky Brown
Is a 1031 my next move?
I just wanted to get a general consensus on what my next move should be. I have a rental property (still financed as a primary residential) that is on the market for sale. From research, I see that 1031 is a way to de...
Rob Saunders
1031 Exchange complication
Hi, looking at doing a 1031 exchange; property being sold will net $545k; capital gain will be around $150k and I will end up with around $320k in cash. Let's say I find one replacement property for $320k that I buy ...
Mike Chira
Taxes on fix and flips
Hi everyone, I'm a new investor in Augusta Ga... I just bought my first fix and flip property at foreclosure. I will have the closing in a week and then I'll start the rehab.
My end goal is to buy and hold multi fam...
Robin Boyer
First Time 1031 Exchange First Time Southern California
Hello bigger pockets getting ready to do a 1031 exchange in corona California. First time ever for us we are selling a commercial building can use any tips or pointers. Also what kind of properties should we be looki...
Cesar Villarreal
Is there a limitations on the number of properties or sellers you can have in a single 1031 exchange?
I am very new in this area of real estate. Any help would be appreciated.