Anyone know if you can obtain financing for new construction as a primary residence and then decide to sell upon completion?
To generate discussion and provide some insight for us ‘newbies’ would the experienced members of BP please post the following:
Years investing in RE: XX
Properties owned (currently held or already sold) solely in ow...
If I sell my rental before the 1 year mark, do I get hit hard on tax? can I 1031 it?
Hi All,
My husband's mother gifted him two vacant building lots earlier this year (March 2024). We would like to sell them and use a 1031 exchange to purchase a larger tract of land that we expect to close on be...
Hi everyone!So there are two schools of thought with regards to both LLCs and bank accounts.Some people say an LLC per property, some people say a bank account per property...What about having multiple LLCs, but one m...
The more I learn, the less I like my conventional IRA invested in stocks. Am I correct in my thinking that I could transfer into a self directed IRA and use those funds for lending and accrue that interest tax differ...
I purchased my primary residence in June of 2017. I overpaid for the property, this was a rushed purchase after a move to a new city. Horrible financial decision. If I sell right now, I will lose a good chunk of mo...
Hi All, I was trying to look at some tax strategies and was curious if anyone else knows if this is possible. I have rentals in my IRA. Is there lending institution that would allow me to put 20-25% down to buy ...
Hello BP Community newbie here, I have a general question. When flipping a house with lets say a total of 3 people, each takes their profit & are taxed individually correct? Would they each report their gain separ...
So I am looking to get my start in real estate investing by flipping houses. At first I plan on using a hard money lender to finance my purchase and rehab costs. Would it be a good idea to start an llc to do the deals...