I am about two weeks away from officially starting an LLC with one other individual. Before forming the LLC that individual and I bought and are still in the process of flipping a house. The property is only in my n...
I have a peculiar situation. Me and my husband have a trust and so far we have put all our assets including homes under this trust. We have a property outside this trust that is only on my husband's name (we couldn't...
Question for everyone: I am selling my duplex and doing a 1031 exchange, we are currently under contract. I am teaming up with my Father to buy a different investment property. Here's the question: Because of financin...
I'm reading conflicting things regarding capital gains on rentals. According to the IRS site, it looks like one can live in a rental property for 2 of the past 5 years, even if that property was acquired as a 1031 ex...
Hi,
This sounds more like a tax/accounting question but seeing if anyone has any insight here.
My parents just completed a 1031.
Relinquished property and replacement property both under parents names.
Accountant ...
Hi Folks,I cannot understand why more people are not talking about this. Renter:Imagine I am a renter in Bay Area and I wan't to buy an average $1M home here in Bay Area and want to put down a decent 25%. My loan woul...
Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange. Trying to keep this simple and just ...
I am currently under contract to buy my first Multi-Family (4plex) property and actively looking for my second property. Because of 1031 exchange rules, I have to make the purchase of the property under my own name, ...
Hey BP community, I am a newbie to the real estate community. The wife and I are looking to find our first home to begin investing into. Being A/D military it is a bit tough to maintain homes when we move every 2 year...