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Hello BP Friends, Can we do a 1031 exchange on an investment property we bought 9 months ago? Is there a tax implication? What are the things we should be aware of when performing a 1031 exchange? Please educate.
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We just went under contract with a cabin purchase that is self-managed as a vacation rental. The 2 platforms being used are Airbnb and VRBO. The cabin is booked solid after we close. Does anyone have any insight in...
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Hello All - I'm in a pickle.
Have any of you worked a primary residence construction with the intent of also having a short term rental on the premises?
Here's what I'm running into.
Land is zoned Residential Agri...
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Hi Everyone, this is my first post on the BP forums but I’ve been an advid real estate and financial bookworm the past year and a half. I’ve read a plethora of books by T. Harv Eker, Robert Kiyosaki, Napoleon Hill, Br...
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I have been using AirBnB for a few months and have really enjoyed it! Now Virginia has passed some extreme laws about writting letters to neighbors, asking the government for permission, registering as a business, et...
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I am new to REI. Still learning and do not own any investment property yet. I am networking and listening to podcasts and gearing up for my 1st investment. LLC seems like a no-brainer to me to protect my personal asse...
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well actually $6.4 million according to this Charles Schwab wealth report on the San Francisco Bay Area. Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I de...
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my friend and I are thinking of partnering up on buying a turnkey sfh. After all expenses, taxes, cap ex, pm, etc. the deals we are seeing would be cash flowing around 200-300/month. Split 50/50 would be about $100-1...
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Hello I have a simple question- there was a property that went pending for $450 and came back in the market - so my offer price $415k @ 5%/30year fixed interest with 25% down, here the builder is giving 20k towards c...
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Hi, BPers,I plan to turn my current primary property into a rental one within one year. Right now it has 2 bedrooms, after it becomes a rental, I want to renovate it to 3 bedrooms. Should I renovate before or after I ...