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Hi all, I have a rental property that I bought in Feb 2024. After rehab, I have been renting it since May 2024. Hence, no tax filing was done for rental income from this property yet. When would be the earliest time I...
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I am about to begin a BRRR project where i plan to rent it as a short term rental after completion. I would like to have the ability to sell and 1031 if need be, but would like to know the exact details as to the time...
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I closed on a little single family house for 46k on 4/30. The bones were great and with new vinyl floors, HVAC work, and paint I'm in it for about $55k total with 40k financed. I finished today and am ready to list it...
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If I am buying a new property or multiple properties out of a 1031 exchange, can I use a hard or soft money lender, so that I can also get money for rehab? I would refinance if I am going to hold the property, but if ...
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(whether it be via bird dog, wholeseller, FSBO)
After you've located and viewed a property, is a letter of intent the next step?
If the initial offer is not accepted, is one new letter of intent needed for every ...
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Hi Bigger Pockets Community!Hoping you can offer some advice: My husband and I partnered on a house with another couple to rehab it and rent it out.That was the intention, anyway. The guy from other couple abruptly lo...
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Can I 1031 a property that I have only held for 9 months? What is the skinny on the "length and intent" and the 2 year safe harbor?
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Hello fellow BP'rs!I have been trying to find concrete info on laws...but it seems to be a grey area? I acquired a new unit and I'm now looking at a 1031 exchange of a portfolio (5 units, commercial financing) into s...
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Hello again,I plan on using the 1031 exchange in the coming years to upgrade from SFR to either 2,3,4-plex or a small commercial unit.If I say 'season' my SFR property for 1 year so the income shows up as net gain or ...
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Newer investor here! I understand that once you sell a property and put the profits into a 1031 Exchange, you have 45 days to identify the property you're going to put the money towards and 6 months to complete the ex...