Andrew Bilak
Canadian Real Estate Market Cash Out REFI Question
I'm in the Canad]ian market and just want some clarification. Is the amount that you pull out on a cash-out refi, actually the forced ARV 'cash' or am I paying taxes and or interest on that cash amount based on the ne...
Rob Saunders
Calculating tax from a partial 1031 exchange
I have been struggling to find out how exactly you get taxed on a partial 1031 exchange. Our scenario is we are selling a property in Washington State for $690k, our net proceeds will be around $635k as we do not have...
Jenifer Levini
Wondering about forming Delaware Series LLCs in California
Has anyone started up and run a Delaware Series LLC in California? What are the pros and cons? It looks like having the "series" which allows many LLCs to be operated under one umbrella LLC would be much more economic...
Angela Beers
Seller Financing Question
I need some ideas on how to pitch seller finance for purchase + rehab! 8 units, vacant, needs a full reno from office spaces to 8 apartments. Purchase price 700K reno 500K all in 1.2M. ARV 2.2M - Exit strategy DSCR 30...
Jose Dorado
Deferring taxes
Hello all and thanks for this great forum.here is my question. I am considering myself a pre-newbie. just wanting to get started in real estate investment. I'm closing on the sale of a rental property in two weeks. ...
Eli Gilbert
Can you do a1031 exchange on a flip?
I am new to this and have heard of the 1031 being used to avoid paying taxes!Can you put profits from a flip, (which is usually considered capital gains), into a 1031 to avoid taxes?Essentially this question doesn’t m...
Angel Moreno
How do I use a 1031 exchange
I’m selling a single family home to my tenants and want to use he profit to buy my first duplex. How can I use a 1031 exchange to avoid paying taxes. Is this something I have to hire an attorney for? Also, does all th...
Olga Kostrova
How to estimate and verify square footage for a fixer upper?
Guys, how do I estimate (well, actually verify my estimates) for the square footage of a fixer upper? Especially if it's a virtual wholesaling. I looked at similar properties in the neighborhood, but from photos it's ...
Adam Sanders
Selling a rental property after pulling out equity
Looking to better understand process for selling a investment property that has deferred tax through depreciation that has been refinanced recently to access equity for another investment opportunity. When i sell i w...
Bob Taurence
Exempt from Depreciation Recovery
I was told by a CPA that my 15 year residential rental property will not be subject to 'recovery' since it was bot 2/08/84. It is fully depreciated. He said entire gain will be taxed at 15% cap gain rate. Is this ...