I have $100,000.00 to invest .The property I am looking at is a multi-family dwelling cost about $500,000.00.If the bank requires 20% down to secure the loan which equates to $100,000.00 I will then no longer have any...
Hey guys,I'm naive when it comes to lawyers. I have no idea what to say to them and am low-key scared of them because of my lack of knowledge. Any input would help me and others like me on the forums. I can't be the o...
Hi BP,So, I'm in a situation where I would like some input on how to proceed. I purchased a quad cash back in 2012 and now it doesn't meet my long-term investment strategy - it's not in the best location. I want to ...
Hello everybody!!
I've been on this site for a couple weeks and doing a lot of research to get started in investing in multi-family units. I'm starting now to look for recommendations to build up my team. I'll be h...
Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:
1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...
I'm going to be selling some land that I own w/o a mortgage and will be doing a 1031 exchange with the proceeds. Am I allowed to finance another property with the proceeds? For example, my proceeds will be about $20...
I've been happy with the service of the 1031 exchange intermediary I've used in the past. I recently contacted them about doing another simple 1 to 1 exchange and the fee is about $1,000.Now I see there are companies ...
I've done a lot of reading and never seen this touched. Say I have four homes worth 100k each with 50k each in equity and 50k each in loans, giving me a total of 200k equity. Can I sell those four and exchange in to p...
Hello. So I have a question and just wanted to make sure I am in the clear. I am doing a 1031 Exchange where I sold a condo property I owned free and clear for $144,357, whereby I netted $133K that my 1031 exchange ...
Do you want to learn how to be wealthy? Then you need to learn the tax game and how to save. There are lots of ways to do this. We are able to use 1031 exchanges, cost seg, DSTs, etc. But which one is best for you and...