Does anyone know whats going on with the detroit real estate market? I'm wondering if it is picking back up meaning would this be a good time to invest doing fix and flips there.
Last I remember most hard money inve...
We have a LLC that just closed on a flip where we made short term capital gains on. We decided not to do a 1031 exchange, but are looking for ways to minimize the taxed amount. Under this LLC we also have rental prope...
Here is the scenario. I have a home that I’ve owned for 6 years. It’s worth about $380k and I owe about $240k. I want to strip out as much equity as possible. Today a wild idea occurred to me and I want to consult the...
Buy real estate or face your dollar’s demise. While this may sound like doomsday prophesying or over-bullish investor attitudes towards properties, the fact is that most investors today won’t make it. With inflation r...
Need a builder to help me. My mother in law gave me a lot to build on. What do I do next?
Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
I’ve searched the forums but can’t find an answer. I’m hoping a season investor or CPA can chime in.I currently hold title in my own name and have a mortgage in my own name. I’d like to sell my property in a 1031 exch...
I am going to look at a 3/3 with a full un-finished basement today.Price = $130,000Median Neighborhood is $155k.Rent around $1200Options:1. Pure rental property2. Finish basement and flipI just finished my primary hom...
I have an investor friend who would like to sell me his real estate, but he doesn't want to pay a ton in capital gains. Are there ways to avoid paying tons in capital gains legally? I know a little about seller financ...
I have a single family property in Brooklyn with a MIL suite that I originally bought to live in in 2018. right now its rented out.MIL unit is 1 bedroom apartment = $1500/mMain unit is 3 bedroom apartment = $3200/mdet...