Daniel Fridrij
First Purchase in the Dayton Area: Inspections
Hello everybody, I am getting close to my firsts purchase in the Dayton area. Two questions for the experts there:1. What things you think I shoul give especial atention in the Inspection of the Property? 2. Any good ...
Tom Mole
LIHTC - What do I need to know?
I have a buyer looking for an apartment that is Tax Credit Eligible in Los Angeles county. I don't yet know enough about this to determine what fits the buyer's criteria. I know just enough to be dangerous. I feel lik...
Winnie C.
Tenants want pest control without finding bugs
Hi all. I'm a relatively new landlord and I need your help.My tenants (a couple) moved into my condo in MA a month and a half ago. They just told me they wanted pest control for bedbugs in the unit because one of them...
Joey B.
rehab sell reinvest profits?
Have a question I can't find an answer to. I just bought a house that I am planning to rehab and sell and hopefully profit enough to pay cash for another with those profits and then rent the second one. This is not...
Maher Bateh
capital gains tax?
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
Christopher Stanis
Mobile Home Parks with Private water/sewer
Hey BP community, This is for my fellow mobile home park investors out there. I'm looking into buying my second park, what's different on this is that it has private water and sewer. Have you had either good or bad ex...
Costel A.
Do flips qualify for 1031?
I heard only rental properties qualify for 1031, but not flips. Is this true?
Andrew S.
Tax Plan for SFH Flip
For context: I have successfully "flipped" three houses in the past 7-8 years, all of which were my primary residence. I'm about to receive the contract on a SFH in NY state (buying outright with cash) with the plan t...
Account Closed
1031 Exchange with 2 owners (one occupies and pays the other rent
If a father and son purchase a condominium together and the son lives in the residence and actively pays the father rent (father has invested more in the property than the son), is this property eligible for a 1031 ex...
Bill Exeter
IRS Issues Guidance on 1031 Exchange of Vacation Homes and S
The Internal Revenue Service has finally issued guidance to help taxpayers understand when a vacation home or a second home may qualify for 1031 exchange treatment.
Revenue Procedure 2008-16
The IRS issued Revenue ...