Angel Gracia
Sell and Buy Rental Properties
Hello BP,I am planning on selling my primary residence in the near future which has plenty of equity built in. I understand that, as I plan on reinvesting the money, I need to use a 121 exchange to dodge the taxes. My...
Gerald Marshall
Capital Gains Question.
We are selling a property that still in my wife's former married name, and looking to turn around and reinvest it in a new piece of property under an LLC. Is there a way to get around the "same name" rule of the 1031...
Michelle Bright
Adding my name to the title
Hey BP community! My fiancé and I are moving states and purchasing our first buy and hold property in Indiana. His employment contract is for two years and afterwards we plan on making the house a SFH rental. My name ...
Grace Simpson
How should I tap in to my home's equity?
Hi BP Community! I'm new here.My husband and I each have a condo from before we were married. We don't want to live in either one and need a lot more cash for what we really want. We go back and forth over whether to ...
Joe Wood
single vs multi member LLC
Hey Guys,I'm debating whether or not to set up the LLC as a single or multi member. I have been reading numerous articles/references on which to choose. Still awaiting my accountants response but he is hard to reach.I...
Navid A.
What is my LLC classified as by the IRS?
I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...
Jeffrey Kpentey
Group of three couples trying to invest in properties under a LLC
We are all young adults that either are entering the work force as new graduates or are on our last years of college that are eager and see the importance of owning real estate. As I said in the title we are three cou...
Account Closed
First time foreign investor from Sri Lanka
Hi everyone,I am a newbie to real estate investing but have been reading up and improving my knowledge on the market for a couple of months and came across BP. The reason I decided to purchase my first property in the...
Jim Huber
Uncooperative Co-Owner of House
I am half owner of a house with my X Fiance.There is a fair amount of equity in the house maybe 30-40K.The house at the present time
is rented,and the payment covers the entire note every month.My dilemma is this.My x...
Ronald H.
Taxes on inherited property
I inherited my Mom's home and the deed was passed to me one year ago this month. The home needs a lot, and I have been considering selling.
From what I am reading, I would have to wait until next June of 2015...