Lue C.
Can Multifamily Syndication Deal Do 1031 Exchange?
Hi,I have invested in a multifamily apartment complex syndication deal. The Sponsors said when the Company (LLC) sells the property in 5 years, they would try to do a 1031 exchange and roll the proceeds of the sale i...
Marko Zivic
Investment Property (Out of State) to Primary Residence Exchange
Hi Guys!I have a client who lived in a SFH in Pennsylvania from June of 2013 until Feb of 2015. He then found tenants to convert it into a rental property and has been a rental property for him since April of 2015 to ...
Robert Dobbs
National Assoc. of REALTORS® wins relief from the IRS
IRS Extends Tax DeadlinesThe IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are desi...
Jennifer Bayhi Gennaro
1031 and a bank account
Stay with me here.... My husband and I own a piece of real estate that we are selling. We are exchanging into a trailer park, where we will have a 50/50 partner. In order to do the exchange, we cannot form a new LLC w...
Eric P.
Rental Real Estate Loss Allowance making over $150k...
Can someone better help me understand how the Rental REal Estate Loss Allowance works? I was surprised to find out I'm going to owe $3,800 in taxes this year. I have just over $17,000 in losses from our rental prope...
Eric Harlan
1031 vs Cash out refi for buying nicer newer rentals?
I currently have a number C class properties but the high costs of turnover seem to be decimating a year or two’s worth of cash flow so I’m looking to move to A class new construction sacrificing monthly cash flow for...
Ryan Baker
Converting Residence to Rental - When to start making upgrades?
We are expecting, within the next 12 months, to purchase a new primary residence and convert our existing residence (SFH) into a rental/investment property. We need to make several upgrades to the current place in ord...
Jeffrey Mayer
1031 Tax Strategy, LLC, and Self Directed IRA OH MY!
Hey BP'ers,I have a few questions regarding the tax/ income implications of some buy and hold real estate. I want to emphasize that these questions will be centered around buy and hold which is why I am beginning a ne...
Robert Hernandez
Section 8 rental and pets?
Hello BP family,I have a unit I am looking to rent out to a lady on vouchers for disability. My dilemma is my unit has carpet and the lady has a dog (poodle). What has your experience been with dogs in rentals particu...
Moshe H.
MA income tax on rental income?
I now own a rental property in MA and reside out of state. My question for anyone who might be familiar with this situation is if I will owe MA personal income tax (or any other state tax) on this income?According to ...