Costel A.
Do flips qualify for 1031?
I heard only rental properties qualify for 1031, but not flips. Is this true?
Robert Regis
Appreciation/potential of northwest indiana
Does anyone know of the appreciation potential in northwest indiana? I am from Chicago and the political climate and high tax rates seem like it would be rife with opportunity. Illinois has more people leaving the sta...
Yangchen Dolkar
Sub to Deal with Seller Finance on the Equity.
Hello BP people,Seller A has a property that, he has done 1031 exchange more than 8years ago. Now he wants to sell his property for 1.7 million to buyer B with exiting loan of 600k. And he's willing to let the buyer B...
Mary Eubanks
Wholesale or Flip?
We purchased a 1600 sq ft property, $50K below appraised value, off the MLS. We were going to flip it, but quotes are coming in higher than expected, still should make a 14% ROI. However, if we were to throw it back o...
Trix Contreras
Soon to be debt free, now what?
Hi Everyone,I have about 37k in both subsidized and unsubsidized student loans, and I'm close to 36k on my total investmentsI've decided to pay out all of my student loans by the end of the summer so that I could be f...
Robert Loiselle
tax implications of a gift of equity
Hello BP, My wife and I are buying a house from my wife's aunt and she's giving us a great deal. We're getting the house for 300k and it's most likely worth around 375k or possibly more. I'm starting to lean towards ...
Benjamin Seibert
Land Strategies for 1 Acre
I was wondering if anyone had any recommendations on any tax strategies to lessen the tax burden or creative ideas to utilize the property. Once I graduate college, my mom will be transferring me one acre of land (fro...
Brandt Moore
Taxes on Profits from Flip w/ Partnership
Hey there, I'm about to close on a flip my grandpa and I completed. The house was bought entirely in his name (non-owner occupied), but we are splitting the profits 75/25 with me getting the larger chunk. Would anyone...
Rick Oaks
Purchasing adjoining land
I purchased a three-quarter acre lot on a lake And will be building a new home in the spring. I would like to purchase the vacant lot next-door also. I contacted the owner son and he told me that the property is in a ...
Emmanuel Abodoh
How Do I get my home to appreciate
My name is Emmanuel. I currently work as a pharmacists. I am new to real estate investing. Here is my story. I initially purchased my 1st investment property March 2022, it was tenant occupied, but the tenants moved ...