Luke G.
1031ing multiple properties with different LLC's.
I've asked around in my real estate circles and nobody seems to have a definitive answer (including my CPA or the 1031 intermediary). I'm currently selling 2 properties owned by 2 different LLC's (I'm the sole owner ...
Jeff Klein
Can I change the title of ownership in a 1031 exchange?
I have a TIC share. I would like to exchange into a property, also TIC. My current TIC is in my personal name. In the exchange I would like the new property to be one half in a revocable trust in my name and one half ...
Andy Bills
1031 exchange from personal to llc?
Howdy BiggerPocketeters? Fast forward 4 years since this posting https://www.biggerpockets.com/...Now my house in Santa Clara has appreciated but I have a little tough time finding tenants. I am wondering if I can do ...
Corey Dutton
Fannie Freddie Rake in Record Profits: But will Money Train Last Forever?
Fannie Mae and Freddie Mac own or guarantee approximately 60% of all of the mortgages in the U.S.A. According to a recent article in MPAMag.com, Fannie and Freddie are pulling in record profits. But the head of the...
Corey Dutton
Who Took the Most Bailout Money from the Fed?
Bloomberg just published a great article that I wanted to share with you all that is titled, ‘The Fed’s Secret Liquidity Lifelines.’ From August 2007 until April 2010, the Fed pumped $1.2 MM in bailout money to banks ...
Toni Annis
Financing LLC owned properties
New to investing and have a question on financing LLC owned properties. My husband and I bought our first property in May. Our plan was to rent it but now it looks like we will be selling it due to an offer we just ca...
Ashley Cast
Be Careful When Choosing Your CPA
Hello Biggerpockets members,I wanted to post something to kind of caution others about choosing their CPA. This is happening to a family member (they do not invest).Last night, a family member received a letter from t...
Terry Royce
$7,500 housing rebate
Can anyone provide more info on the first time buyer tax credit?
http://www.federalhousingtaxcredit.com/
Do you just get this as a check, and in addition to your rebate?
Matt Said
Can you 1031 a property from an existing LLC to a new one?
Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South. Our CPA advised that it would be best to create a 2nd/new LLC in...
Cam Jimmy
BRRRR Tax question - Stepping up basis
When you complete a BRRRR, can you elect to have all of your expenses of the renovations be added to the basis of the house?For example - you buy a house for $100,000, and put $50,000 into it (Including repairs, maint...