Hi BP,Need help with a 1031 question.On a 1031 election, can you liquidate the proceeds prior to the ending of the 180 day period requirement without penalty?If so, are there specific situations that allow you to? ...
Hello,I would like to understand how the section 121 exclusion and 1031 exchange could be applied to a 3 bedroom condo that I own. I lived in the condo as a primary residence for two and a half years, so therefore qua...
was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to. is there any advantage of forming an s corp vs llc for this purpose? thank you for any info
We recently put a 7 unit apartment building under contract. During the inspection we saw evidence of mice, roaches, and active termite infection in the basement under the floor. We are new to investing. We need...
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Hi all,
I was interested to find out the basics for tax planning for a real estate
project to buy a lot and remove existing structures and have 3 units built
with 1 being kept by the owner.
How would I find infor...
Hello Everyone!What is everyone doing to screen tenants for apartment complexes? Its in Cincinnati Ohio. Anything other than criminal background checks, credit checks, eviction and court records, employment history an...
When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain? H...
It seems a troublesome tenant has decided to move out. But her mother and mothers boyfriend has moved in. I am reasonably happy to be rid of the original tenant. She always difficult. However, now I have two people wh...
In July in had my rental fumigated and the contract said it's guaranteed for 2 years. Last week my tenant found some black residue by the window and noticed the drywall nearby also cracked. She believed it was termite...