Trina Pugmire
1031 exchange? Sell triplex after only 6 months of owning it?
We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow aft...
Charles France
Information seeked, not a head hunter !
I joined this web site hoping to gain knowledge, wisdom and some advice. To my disappointment anytime I ask or want to gain knowledge I am propositioned by people who just want to make money. I also want to make money...
J. Martin
Home Price Increases - Truth or Myth? Input from flippers?
As I hear day after day about rising prices and the biggest jump in real estate price indeces since 2006, I wonder how much of the measured increase is not actually due to an improvement in the market, but due to p...
Account Closed
Am lost on taxes and accountant seems too busy for me
With year end getting close I am trying to figure out what to do with my businesses to minimize my taxes. Cash is king. Can someone please help me. The online tax calc seem to not line up with my calculations.
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Adel Lee
Difficulty selling flip
House located in very hot zip code .4 beds 3 bath 2010 sqf.started with 360k lowered twice.it had 2 open houses about 10 private showings but no offer.The last customer said that slope of the driveway not good.we put ...
Benjamin Gonzales
To sell or not to sell.
My current portfolio-
Home #1 Cache, OK, Rented out for the past 2.5 years (VA loan)
Home # 2 Lacey, WA, Primary home for the past 2 years on the 23rd of December (VA loan)
Zero cash flow
Option 1- Sell my home ...
Burke Ericson
Cash out or reinvest
My family owns a duplex in LA free and clear. Due to rent control, these properties are generating about 20% of what they could, it is bad. The property is in one of the most popular neighborhoods in LA and I think ev...
Carl Crain
moving IRA into LLC without penalty to flip
Interested in using my IRA to fund a new LLC that would flip houses and put the proceeds back into the IRA. Then due it again. Any guidance?
Lindsay Denny
Living in my first flip: What would you do?
Hi all -- as I'm just starting out, I'd love your thoughts on general routes I'm considering for my first fix & sell property. My main question is whether I should live in my first flip? Context: My husband launch...
Kevin Wasie
1031 on lower cost property
Hello, I am going to complete a 1031 exchange for the first time.I recall that I read in a book that most people do not understand the boot rule correctly, and many 1031 QI's implement it incorrectly. Specifically, th...