Hello! I have a single-family home that is my primary residence. Would i be able to avoid capital gains by selling it, then using a 1031 exchange to buy a multi family unit that i plan to also occupy? Also, this has ...
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I have read through the Illionis SAFE Act and I really dont understand how it will affect doing Lonnie Deals? I plan on trying them out, but while reading back articles on them, I see that SAFE act being brought up.
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A friend of mine who is not a real estate investor said they knew of someone whose property taxes doubled when they switched the property to a rental. This seems crazy to me but I wanted to run it by you before I disc...
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Hi all, three quick questions.1) Just wondering if there anything, beyond the 250k exemption, my friend selling his residence can do to avoid the capital gains tax.He's in California, single and has lived in the home ...
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I could not live or rent my apartment for 5 years due to mold issue caused by the building. Building finally resolved and remediated it this year and now i am selling the property. Can it still qualify for 1031 becaus...
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Curious if the note group leans more towards taking on debt or JV’ing when purchasing? I know the note industry is a long term game so it may deter the use of debt for some. Any thoughts?
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I am fairly new to the state of Florida and in 2015 purchased my first investment property, a duplex. The state of Florida doesn't have state income taxes and usually it is not necessary to file a return. However, I...
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I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage...
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First of all, i want to thank everybody in advance. I am grateful to find this forum because my family has been in extreme stress over the past few weeks.
Background is that we relocated from Houston 1.5 years ago to...
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Hello BP,Currently house-hacking a duplex purchased at the end of May using private money but am running into the road block of finding a bank in my area that is willing to work with a Quit Claim Deed. Obviously I am ...