Costel A.
Do flips qualify for 1031?
I heard only rental properties qualify for 1031, but not flips. Is this true?
Alex Stariha
Land contract for 4plex
Does anyone have any advice for entering into a land contract? I have an opportunity to purchase a fourplex Residential Building for around 400,000. The cellar is wary of selling out right due to large tax burden and ...
Keith K.
Turning a friend's house Retail sale into a win-win deal
Hi BP'ers, I've been reading Brandon's new No Money Down book and realized that I may have a deal unfolding right in front of my face. A friend of mine has been sprucing up his rural home to prepare it for sale for s...
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...
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 ...
Stephen Sayles
Bonus Depreciation for 2024 and short term rental loophole
Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals? I believe it was scheduled to go to 60% this year. I am wondering because...
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 ...