Hello,I am considering doing a 1031 exchange on an investment property that I have and would like to know if there is a possibility to convert it into a primary at a later time? What would be the tax consequences. App...
Exploring the Real Estate Scene, in Palm Beach; A Report for February 2024
Imagine the sun setting below the horizon casting a light over the beaches of Palm Beach. It’s not any day; it’s February 2024 a time where d...
All:I did my first flip earlier this year for proof of concept. 17k purchase, 11k rehab, sold 45k (45k - 28k = 17k pretax profit, no realtor) . I am finishing my second one, which is going to be about 80k all-in, ex...
I will have 2 rental properties, each generating income and losses. Can I deduct my business expenses as a real estate investor (car, office expenses, business meals, computer, etc) outside of the profit/loss sheet f...
Hi BP, close to two years ago I quit my full time job and started flipping houses full time. I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in...
For an investment property to qualify for a 1031 exchange, is there an established minimum that you have to have a tenant in the house before you sell the home and exchange for the next investment property? For instan...
I'm very new to real estate, looking to make my first investment this spring.
What are the FHA requirements for multi family in Massachusetts?
My income is the only thing holding me back to apply. Started a new 9-5 j...
Looking for agent feedback on what kinds of strategies you've implemented this year--to help clients close in the current market environment.
I would like to sell a couple properties in the future, would I be able to use the 1031 strategy to buy one house that I would use as a primary residence? Would I be able to sell 10 houses in a package and use that to...
Take some action guys. In two weeks:We are under contract on 3 deals. Looking at two other rehabs. Completing a wholetale deal.