My wife is selling her veterinary practice (both the real estate and the practice). Is it acceptable under IRS rules to do a 1031 exchange into a single family short term rental property? I’d love to avoid capital gai...
Greetings BP community,I recently placed my first rental property under contract for 100k a month ago in Atlanta, Ga. I was initially using a hard money lender because of income verification issues but I was able to p...
Good afternoon,I'm just getting started in real estate investing and I'd like to know opinion on creating an LLC for the purpose of limiting liability on these houses. 1. Is it possible to create a parent LLCs and hav...
hi experts/advisors, i'm looking into doin 1031 from a prop sale and thinking loud if I can use those funds in a multiple transactions (1+ property) scenario? please share your thoughts on how to go about doing this. ...
Hello!I am looking for some insight for anyone who has worked with the HOME Investment Partnership Program provided by HUD. I plan on contacting a local representative regarding the issue this week to receive more gui...
Hello,
I was thinking about using a company (Nationwide Rentsure) that provides rent income protection during eviction proceedings. They handle evictions, pay the rent for the duration of the eviction and pay up to a...
I have a quad w/ 2 units on LTR (1 Unit needs Reno, once a tenant moves out) and 2 units on STR after conducting a cost-seg and using the STR loophole with material participation against my W2 income would the entire ...
There is 2 ways to go about utilities:
1. Sign up the utilities under my name and pass the bill on
2. Have the tenants sign up and pay the utilities.
Is there any paperwork I have to do to change the utilities out o...
Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...
We are hoping to close on two single family residences that will be purchased from the same owner. We have offered one lump sum to the owner, but need advice on how we should split the loan amounts.
Details:
-We wil...