Adrian M
Selling: 1031 vs. Personal Residence
Hello Fellow Investors!
I would really appreciate your advice on this matter.
Background Information
I own a condo in Santa Monica, CA that I am currently renting-out. I'd like to sell the condo in 2 or 3 years (af...
Account Closed
Is it common for property managers to ask for rights in a sale?
I'm a new investor vetting PMs. One sent a proposed contract that grants exclusive right to sell to the PM if the property is listed during the contract duration. Is that common? Similarly, if I sell the property to a...
Andrew McGregor
IRS Section 121 Exclusion COVID Extension??
Does anyone know if there are any 'hardship clauses' or anything that would allow for a deadline extension of an IRS 121 Exclusion? I am selling a house that was my residence and I need to sell it before August to qu...
Paul Lim
Creating an LLC, and putting existing investment properties under it
Hi all, I was hoping I could ask for some advice here. When I first started real estate investing, my mentor told me that I don't have to worry about creating an LLC to start since it'll eat into my cashflow. Howeve...
Kmsuea Abdei
Should I sign an exclusive agreement with agent?
Hello Everyone, I want to do fixes and flips, Nowadays, I connect with an investor-friendly real estate agent, and we have a good and informative conversation. He wants me to sign an Exclusive Buyer Agency Compensatio...
George P.
SDIRA readings - please suggest
Please suggest the reading (book or articles) on SD LLC IRA so that I can comprehend the topic completely. I understand the basic idea but miss a lot of information
thanks
Rahul Gupta
Primary property exception rule on 2 houses?
We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...
Brian Powell
Do you rent out your property without home owners insurance?
I'm looking to buy my first investment property in Merritt island or Cocoa Beach Florida area and I would like to know if there are others who roll the dice on not carrying a full home owners insurance policy. I would...
Venky B.
Can I use my current job 401k funds to invest in Real estate
I am an employee holding 401k plan from my employer. Is there a way to use my 401k funds to invest in real estate for buy and hold.
Thanks in advance.
Venky
Stefanie K.
Tax Free Gains for Primary Residence (2 of 5 moving to 5 of 8)
Hi BP - Curious what others have done when faced with the deadline to sell under the current "2 of 5 year" rule and soon to be "5 of 8 year" rule in order to take gains tax free on a primary residence.We own a very ni...