My husband is selling his rental townhouse and we are using that money to build an ADU on our property in order to rent it out. Since we would be using the money in the same manner could we use a 1031 exchange to defe...
Hello all, I have about 3 weeks to nominate a replacement property for my 1031 exchange and am looking for a CPA who can answer questions regarding the tax liability when the replacement period straddles tax years lik...
Hi!
I am selling land/lot at $197, 500 within 60 days. Someone told me that Mobile home park is good profit with low investment. I am new to MHP investing. I have to make decision before I close my deal for ...
Hello... We own a rental home in CA. We owe around $300k and the home is being listed for $550k. We intend to reinvest our profit from the sale into another rental property. My questions are:1. Do we have to reinvest ...
One of my tenant inform me that she is switch banking, as a result, she need set up new ACH to pay the rent. The process include she initiated a try deposit into my bank account which it went through. After I told her...
So I dropped my first batch of yellow letters in the mail yesterday, and just now got 2 calls, almost back to back. The first was clearly not motivated. But the second caller said that she's not interested in selling ...
Hello everyone, Ive been listening to the Podcast and reading the forum for a while but am finally making my first post.Im an active investor in the Denver metro area trying to grow my portfolio in the difficult Color...
In your opinion, what are the benefits and risks of private money lending compared to traditional financing?
I sold one rental condo on Dec 27, 2017 and sold another rental condo on Jan 30, 2018. With the cash, we bought an SFH for rental on March 5th 2018. I was assuming by mistake that we can do the 1031 exchange work...
The 1031 exchange has been a powerful vehicle for real estate investors to defer capital gains taxes. It has always seemed like the way to go, but I had this opportunity back in 2015, and even then, the time restricti...