Can I sell a spec home and turn around and use the profits to buy a vacant piece of land that one day I will build a home on for Primary residence under the 1031 exchange rules? 

So I’m coming to a close on my first single family flip and let’s just say the experience with the contractor has been less than what I had hoped for. Now he is expecting a payment of somewhere between $3500-4500 ( he...

The Southern California housing market is going crazy right now. Houses are selling for well over asking price. My husband would like to take advantage of this market right now and sell our house and live in an apartm...

I am looking to purchase my first property this year as a buy and hold.  I have found a property which is RC-2 zoned with a 1950's house that I will initially use as my primary residence, an in-law apartment and a sma...

Hi, I have short term rental properties renting by the week. I take a 50% refundable deposit at reservation time, then the balance 30 days before arrival. I take deposits up to a year before arrival. For tax purpo...

Is it possible to buy a foreclosure on Auction.com with financing? I’m pre approved for a home loan and have 20% to put down.

I am selling 4 small properties and buying a single multi family and using 1031 exchange. The total funds from sale of relinquished properties combined is approximately $400k and purchase price of the replacement is $...

Details:
North Carolina
120,000 FSBO
4-plex 600sq st each 1br/ba. close to downtown living. solid brick building, new water pump, has washer/dryer on location, no major upgrades needed. all 4 units occupied and r...

A house in our area has been sitting since the owner died in 2014. In 2016, there was a fire of unknown origins that gutted the building. Now in 2016 the deceased owner is the only name listed on the public records. C...

Hi,

We closed on our first rental property last month and had prorated rents deducted from our closing costs. The amount deducted is considered rental income, right?

Thanks,
Kelly