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Let's say I sell a rental property (Single fam) at a profit and decide to do a 1031 to another single fam. Let's say it checks out and it qualifies as a like kind exchange. I then decide to live in the house and it en...
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If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be...
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This may be the type of question a few of you may call me an idiot for asking, but give me some slack here, this is my first ever investment property. I have been searching around Bigger Pockets and asking friends/co...
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Hello,
I am a first time home buyer and I'll be purchasing my 1st house (primary residence) in the next 2-3 months.
Value- around $400K
Down payment- $25KLoan amount- $375000Questions1) Since I am paying only 6....
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I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify. One thing I have read is that the title must mirror one another (sale and new...
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I am 27 years old. I currently have 3 properties. 2 of the properties are long term rentals (1 SFH, 1 Duplex), and the other property is a primary residence. I have a high paying career and I have managed to keep my e...
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My wife and I have lived in our primary residence for four years. In the next 8-12 months or so we plan to be moved into a different home and have this one rented out. We plan to sell it after 2-3 years of renting it ...
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Hi all,
I know this situation may seem a bit odd I'll try to piece it together as best as possible.
Last year I purchased a fixer upper home seller financed on an 18 month balloon, due to be paid back Jan 2024 thr...
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I've become engulfed with Bigger Pockets and desperately want to get into investing within the next few weeks. My dilemna is which property to get first, being that Dallas is in the middle of a housing boom - primary ...
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I know that new ADU legislation just passed, and will take effect January 1st, 2020. It makes ADU construction as easy as it's ever been. But I have a quandary that perhaps someone has insight on...LA regulations mand...