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Hi Everyone (newbie questions alert!) I'm looking to start my way as an REI and one of the first steps that I'd like to get is to open a US based company (probably an LLC) as the tax rates varies from state to state...
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The following points are based on personal experiences whenever I deal with foreclosed property for a client/investor or for my own purchase. Being a licensed Realtor affords me little advantages when dealing with li...
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@Dave Foster because I know he'll have some insight, but I'm curious to see what others think as well.
On another forum (not BP), someone posted that they were able to do a 1031 in reverse by:
1. Purchasing a proper...
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Hi BP,situation: Ive recently built up a buyers list in my area but am still feeling the majority of them out for specific buying criteria. Today, my friend just brought me a house that he wants to wholesale to a cas...
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Has anyone done a reverse 1031 exchange, esp in CA? Do you have any advice for someone who intends to complete this type of exchange and a company that would do this? It's hard to buy homes in the bay area, so that's...
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Does anyone have an excel sheet that you use for "cost segregation"?
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I am coming across a commercial RE deal and need to raise capital to buy out one of the current owner's 50% stake. I will likely need to raise 300 - 700 thousand.How do I solicit these investments with regards to leg...
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Hello all,I'm new to REI and I have a question pertaining to LLCs and trusts. Here's a quick intro to my current situation. Currently in the process of purchasing my first three family. I plan to house hack the proper...
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Is it possible to do a 1031 on a partnered property if the new property is the same split? Can you use some of the proceeds for the down and some for the rehab? 1031 is new to me. I have never done one.
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I am very new to real estate and recently purchased a 1950 home on 3/4 acre lot with the intention of remodeling. This property is located at Novi, Michigan on the side entrance (corner) of a very good sub-division. I...