I have 2 properties that are getting ready to
Settle in the next 30 days, I would like to do a 1031 Exchange either into another flip or into rentals. I have read conflicting info on this topic in regards to flips, ca...
I recently closed on a 14 unit MF property in Central NC. I was able to get it at a fairly low basis and it appraised well above the contract price.I have spoken to brokers that have told me if they being me an offer ...
Have a question I can't find an answer to. I just bought a house that I am planning to rehab and sell and hopefully profit enough to pay cash for another with those profits and then rent the second one. This is not...
I attended a local REI meetup last night and the guest speaker was an auctioneer with 37 years of experience in RE investing. He was selling a strategy of buying properties on cheap because they were good for nothing ...
Hello,
More SDIRA questions - I am putting them under separate heading to hopefully make them more useful to others too.
I understand that I can not 'do the work on the property to make a profit'. As might be the cas...
Hey BP Community,Long story short... before BP I received some "bad" counsel from a CPA to put our properties in an S-Corp instead of an LLC (properties are in Sacramento California if that matters).Fast forward 5 yea...
Hello all!,I am brand new to real estate investing and eager to get started but first want to make sure my business is set up correctly not just for one deal, but will be prepared for growth and if necessary protectio...
All hypothetical - If I buy a flip and sell it for $150K, then use 1031 and buy another for $150K and flip for $200K, then on the third buy for $200K and flip for $250K. At that point, Can I 1031 into a long term ren...
Hello everyone I currently own 4 rental properties and I’m at a bit of a stand still. I’ve used my LOC and need the traditional 20% down to purchase in Ontario Canada. I’m curious about alternative/creative strategies...
Hi BP, I ran into a situation like: I have several properties in Orlando and I'm currently living in LA, California. My PM suggests me to put all my properties in either LLC or Land trust for better asset protection a...