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I have two questions...I read somewhere that you pay taxes when you do a flip but not Capital Gains tax if your intention was to flip... can someone explain? Here's somethings we are looking at.... we have held a hou...
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New to investing and have a question on financing LLC owned properties. My husband and I bought our first property in May. Our plan was to rent it but now it looks like we will be selling it due to an offer we just ca...
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Question: We closed on a property in November 2018 fixed it up and rented it the couple that wants to buy it. They agreed to buy it once we crossed the 1 year mark so that we could roll capital gains out into a 1031 e...
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Hello Everyone.I am looking to start my own real estate investing company where I plan on mainly wholesaling, but also flipping properties and buying rental properties. I feel like most people use and LLC for there co...
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Say someone wants to sell off some SFR properties they currently own (individually) and take the proceeds as a 1031 Exchange and invest into a LLC that is going to invest in single family real estate. Under what circ...
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Can the proceeds from an investment property (held in an LLC where I am the sole manager), be used to purchase my new primary residency to avoid capital gains tax?
"We occasionally stumble over the truth but most o...
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First time posting to the BP forum. Have to send a big THANK YOU to all of the folks sharing their experiences and information in this community. Very much appreciated.I am in the middle of a 1031 exchange, having jus...
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I seem to always hit a snag when trying to get a loan for my 11th property. I have a few that I would love to get loans for , but seems like the interest rate jumps when I get to #11.Does anyone have other options wi...
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so I've filtered through the archives and didnt see an exact fit to my question so here goes.I have a lot that will have potentially 3 spec homes build on them. The 1st is under way and will be completed Jan/Feb of 20...
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I am purchasing a SFR with a self-directed IRA along side a non-recourse loan. Much question is this. This home has flipping potential but I will not have enough reserves in the IRA to do all the improvements. Is ther...