Armand Farr
Tax filings with properties in and out of LLCs in Houston, TX
Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...
Michael Gust
1031 Exchange and Solo 401 (k) questions
Hello Bigger Pockets Friends! Looking for guidance on two questions related to single family detached rentals. 1.) If I sell a rental that I acquired using 100% qualified retirement money from a Solo 401(k) and immed...
Michinori Kaneko
1231 Loss and 1031 Gains
Hi BP Team,Hoping there is a tax professional out there that can address my question. I recently realized a significant 1231 loss. I understand there is a 5 year carry over on this so if i realize any gains those ga...
Jason Langmo
New Member in San Diego with a question!
Hello BiggerPockets community,I have been a member here for a couple of months and haven't introduced myself yet. I am new to real estate investing and have bee listening to a few podcasts for a couple months and I w...
David Mcginnis
Commercial lender for SFR in Washington State
Purchased a SFR in the Seattle area last week at the foreclosure auction and now want to finance it. I'm nearly out of room on the 10 property limit and need to shift from traditional residential SFR bank sources. An...
Lynn Z
Period before place replacement in service?
The period of renovation after you do a 1031 exchange---if you don't place the investment property in service for six months and start your depreciation at that time why isn't that period of time counted as residentia...
Keri A.
Is it necessary to have an LLC?.
I don't have an LLC yet but a great deal for a rehab has come up and I don't want to miss out...
Michael Bettencourt
After thought reverse 1031??
Good afternoon BP,I purchased a primary residence in NOV 2015 and recently decided to sell a rental home, both have a similar value but the rental has $150k +/- equity. Is there any way to structure a reverse 1031 exc...
Chris Charlton
Solo 401k/1099 problem—please help!!!
I sold a rental property that was owned by my solo 401k and deposited the proceeds right back into my solo 401k. My bank gave me a 1099 on the sale. What do I do with this? Do I have to pay taxes on the proceeds? My...
Robert K.
Quadplex Insurance
Hello,
What type of insurance policy do you usually carry for a quadplex? I'm getting different messages. Some say I can have a traditional policy and others say it must be a commercial policy.
With commercial, th...