Hello all-Would I be able to purchase a fix and flip project with 1031 proceeds? Below is just an example of a scenario.Original purchase price of rental home is $425K$400K loan balance$500K sale$15K closing costs$85K...

I have been trying to learn all I can about the different real estate strategies and I always like to have multiple exit strategies.  Completely understand in a 1031 exchange the new property needs to be a higher basi...

I was reading where some investors use a letter of intent before putting a house under contract.

Does it help?!?! What are the pros and cons of using a "letter of intent" and is it even necessary or a waste o...

Im currently in the process of buying a 4 unit house with a heloc on my personally house. The heloc is a fixed rate however interest only for the first 5 years unless I choose to make additional principal payments. If...

Hi I am newbie and wanted to find out if you sell a residential property that is titled under an LLC can you use the 1031 exchange for capitol gains exemptions?Kind Regards,Stephanie

I am a financial adviser and some clients asked me this last night and I don't know the answer. Hoping y'all can help.Clients own a home (SFR) in South Carolina. The mortgage is paid and it has been a rental property ...

All:I did my first flip earlier this year for proof of concept.  17k purchase, 11k rehab, sold 45k (45k - 28k = 17k pretax profit, no realtor) .  I am finishing my second one, which is going to be about 80k all-in, ex...

Hi BP, close to two years ago I quit my full time job and started flipping houses full time. I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in...

my question is simple. When flipping houses, what is the thought process on capital gains taxes? A way around? Or just except you are looking up to 35% and move on?Thanks for any thoughts on this.Tim

For an investment property to qualify for a 1031 exchange, is there an established minimum that you have to have a tenant in the house before you sell the home and exchange for the next investment property? For instan...