Matthew Yrungaray
Buying a portfolio of houses from a retiring owner
I am looking at approaching a couple that owns a dozen or so investment properties. The wife wants to sell and the husband is unsure. I was trying to come up with a scenario that would be a win-win for both parti...
Darrel Donatto
How to deduct small decors items such as a new lamp /decorationo
We have several vacation rentals and try to keep them refreshed and interesting with new decor as we find it. How do we claim a deduction for small items like dishes, a lamp, or decorations. They don’t seem to fit t...
Nathan Yee
Transitioning IRA and old 401(k) to Self-Directed IRA
Hello BP Community,I'm looking clarify the following questions:What would the tax/penalties (if applicable) be for rolling over 1) my ROTH IRA and 2) my old, traditional employer 401(k) into a Self-Directed ROTH IRA? ...
Lin Gowan
Where to buy now
Hey guysWe do have rentals and we are rehabbing one to sell. So my question is where should we put that money now from the sale?We were looking at possibly trying our luck and flipping land near where we currently liv...
Asher Anthes
Any way around the 1 year rule?
So, I was excited about doing a 1031 for my first flip, but then I read that you have to own the first property for at least a year. Is there any loophole out of this? I want to flip my first house relatively quickl...
Kyle Daneff
100% Cash for Property Best way to structure deal paying Taxes
I'm working on getting a property under contract and have a investor (my dad) putting up the cash to fund the deal. We are having trouble figuring out how to structure the agreement between me and my dad.- Put the nam...
Costel A.
Do flips qualify for 1031?
I heard only rental properties qualify for 1031, but not flips. Is this true?
Keith Meyer
1031 Exchange Estate Planning - Co-Investing with Heir
Does anyone know how TIC's affect 1031 exchange inheritance rules? Specifically if an heir was looking to co-invest with their parents in a 1031 exchange property, typically this would screw up the estate inheritance ...
Chad Hovermale
Why use an IRA?
Hi, BiggerPockets Community!I purchase buy and hold duplexes in Grand Rapids. We also have a drywall contracting business. We look for properties that we can improve by adding value using our construction trade cont...
Paul C.
Accounting question for HELOC
Hi, I use Tenant Cloud for all my properties and accounting and have a question about how I should allocate payments towards a HELOC. I have a HELOC on one property and used that money to put a down payment and renova...