Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exch...
I am partnering up with a couple guys who have a successful rental real estate business. I will become a member of their LLC in exchange for the work that I will be performing managing all of the rental properties. ...
I am closing soon on a small SFH that I will be renting, but am considering selling/moving the house (its on piers) and building a duplex in its place. There are currently duplexes in the neighborhood, so the zoning ...
Let's say you have 1 rental and no other type of income.Rents after mtg interest, Property taxes and insurance brings income to under 9k and therefore no taxes are owed in this situation. No other expenses for this ex...
Hi BP,Wife and I purchased a duplex in NC on June 13, 2014 lived in it until September, 2015 (15 mts) and rented it out for the remainder; we've owned it for a total of 29 months. We moved to Florida for work. Can w...
One strategy that has consistently brought me success is seller carry financing and creative deal structuring. In this section, I want to emphasize the benefits of seller carry financing, share success stories where i...
My father and I are in a 1031 exchange and under contract to buy a fourplex in San Antonio. (We are already way beyond our identification period so cannot buy something else). This fourplex is brand new construction ...
Hello BP community.I wanted to reach out to anyone invested in the state of NY.How are you handling non-paying tenants at this time? I have management in place, and I still cannot get any step closer to a resolution. ...
So my wife and I own one townhouse rental property in Clayton NC and have about 200k-225k in equity. We have only had one family rent it and they have just signed for another 2 yrs ( once that lease ends they will hav...
Greeting BP community,
I have a question about the 1031 exchange
I understand the main concept but I am having trouble wrapping my head around the mechanics.
My situation: I currently own a duplex that I have lived...