Genesis Vanhoose
Using proceeds from a 1031 to buy mixed use property
So we had a piece of property that’s currently under contract to be sold. We are doing a 1031 exchange since we bought it for $70,000 and sold it for $260,000. I’m really confused about the mixed use 1031, I see a lot...
Collin Marton
Water Sub-metering Help
Looking for some help/guidance. We are purchasing a property in Columbus, Ohio that is already submetered and managed by Guardian but they will not continue services as we are "too small". We have looked at a few subm...
Jessica Monroe
Help - setting up LLC with Multiple Parties
We currently have our first duplex under contract but no LLC set up here's our situation: 4 parties involved:- Individual #1 & 2 are providing capital (cash / line of credit)- Individual #3 is going to be their f...
Payman A.
Depreciation recapture
Hi guys,Posted questions in the Tax category but didn't get any replies so coming back here where I've previously had great communications. One of my three questions is really not relevant so here are the other 2:- I...
Esther Thomas
1031 -> primary residence?
Hi Everyone,
I have a former primary residence that I'm renting out and I can no longer qualify for the capital gains tax break if I sell it (have been renting it out for 3+ years).
My question is if I do...
Account Closed
Understanding technicalities and practicalities of Cost Segregation
Cost Segregation in Real Estate:
Real estate investments offer a path to long-term wealth accumulation, but the tax implications can be complex. Fortunately, cost segregation is a valuable strategy that real estate ...
Paul Allen
Resources on Real Estate as Part of A Diversified Portfolio
I am a financial planner. Took all the CFP courses and passed the test. Very (VERY) little of the course material focused on real estate as an investment. Stocks, bonds, and insurance products were covered in detail (...
Ryan Wilkerson
Fix and Flippers where would you put your marketing dollars?
Hi All,This question is for those who have flipped 4+ properties in the last 12 months. You have $12,000 (2k per month) for the next 6 months as a marketing budget. Where are you allocating the funds to get the phones...
David M.
Help me brainstorm on where to put these expenses?
I started this business around 5 years ago and 2 years ago brought in an unsalaried partner. My partner Kevin has an equity stake in all of my businesses now:Biz #1, he has 15%. This company has around 15 rental prope...
Peter Aldrich
Tax treatment for my condo conversion and flip
I need an 11th hour assist from my fellow BP members to be sure I am handling a tax situation correctly.
The situation: I purchased an investment property in July 2017 for the purpose of renovating, creating 3 units...