Stephen E Drew
Living in a 1031 Exchange building
Hello Everyone. Hope all are well and prospering. I am inside of a situation that I mindfully created and I am wondering if anyone could help shed some light from a new perspective for me. I will lay this out as quick...
Joel Falk
Flip and Rental Tax Consequences
I did some very informative reading of the archives trying to find an answer to this, but up to now have not found anything that answers this . I'directlym almost 47 and getting tired of the rat race. I want to keep...
Christopher P.
FHA Flip?
How does flipping a FHA home after 90days work? do I need to pay off the loan first before selling or can I sell and pay it off?
Oscar Martins
Sell my current home, rent and wait for the the market to drop?
Looking for a bit of advice. I have been living in a single-family home (my primary residence). I purchased it three years ago for 150k with the intent of flipping it but decided to make it my primary residence. I put...
Jarrod Kohl
Screwed up 1031 exchange
Having just completed a successful flip, I was too eager to close and move on to the next property.In my eagerness (stupidity/sloppiness) I did not file paperwork for 1031. So while I am in the process of buying the n...
Julius Kerschinske
Letter of Intent Help
The 3 hardest words in the English language are "I don't know." I'm here to say, I don't know, and I need help. My business partner and I have a property we're very interested in, and believe we can make a deal. This ...
Raqia Bethea
Am I overthinking
Am I overthinking or is my concern valid? I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it ca...
Eric Helena
1031 exchange with relative
Hey all! I have a question for the pros out there that might be able to provide some guidance for me. I am creating a 5-7 year plan of action for my family. The end goal is to have a piece of land with multiple houses...
John Acklen
Financing Options for high downpayment/low income
Hi all! My wife and I are moving from California back home to the Midwest where I'm from. I've been wanting to start investing in multi-unit properties for a while, but it's been too expensive for us to get started ou...
Blake Mgbada
Avoiding Capital Gains Tax
Does this situation sound feasible?Let's say I completed a live-in-flip as a single person. When I sell my house, I have over $300k profit. I have to pay capital gain tax on the $50k surplus. What if I refinanced for ...