Preeti Sharma
House hacking - Owner or family member occupancy
For house hacking on multifamily, can a family member occupy the property as a proxy (children of owner)How do the law ensure owner occupancy?I am new to REI so weighing in various options and thus stupid questions
James Kim
2nd home mortgage and investment
Hi,I was wondering if anyone knew what happens when you convert a 2nd home to a long term rental property? The second home mortgage has a good rate and I believe I have it classified as a home rather than an investmen...
Jennifer Roberts
When can you relist a newly purchased property in a1031 exchange?
I had a question that my QI couldn't really answer. Before I bug my poor CPA again, I'm wondering about the collective consensus of this group. How long do I need to keep a newly purchased property that I exchange in ...
Lavar Harden
Residential 1031 Exchanges
I have recently rehabbed a Property. I Purchased the property under my personal name. It is now on the market so I would like to sell it and do a 1031 exchange under my LLC name. Can this be done? Any suggestions woul...
Scott M.
Tax Implications of 6+ Land Contracts
Hey all -
As I understand it one person or company can complete 5 land contracts and only be taxed on the actual payments (installments of say $1,000 / month).
However - if one person or company does 6 or more land...
Joey B.
rehab sell reinvest profits?
Have a question I can't find an answer to. I just bought a house that I am planning to rehab and sell and hopefully profit enough to pay cash for another with those profits and then rent the second one. This is not...
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?
Aashiq Dheeraj
Condominium Deconversion Tax Implications
Hi All, My primary residence is a condominium that may be "deconverted" into apartments. There is an institutional investor looking to purchase my entire building, and if 75% of residents agree to the sale, everyone m...
Terry McPherson
1031 Exchange question
We are currently in the middle of our first flip. Purchase price 68K and will invest about 30K for rehab and the ARV will be around 140-150K (3Bed 1.5 bath). I took a mortgage out on a paid for rental property to fin...
Lillian Shi
1031 exchanges Can I do this?
After I sold a flipping property ( single family residence), can I use the profit to purchase a rental property ? Is this qualify for 1031 exchange?
Second question, may I use the flipping profit to purchase a renta...