Raman Singh
RE: 1031 exchange question: Selling Property
Hello Folks, I own a property with a partner in LLC. We both are 50% partners in it. We are selling the property now and I want to know that the proceeds from the sale can be invested separately or we have to buy next...
Joseph Quarto
How do figure an exchange
Hi,Some confusion & questions about a 1031 exchange. We have a 5 unit multi-use building (commercial & rental) we live in part-time in Seattle & are thinking of selling & buying closer to the grandkid...
Kevin Izquierdo
Permits
I've been a handyman for quite some time, but I never understood the concept of Permits from a home owners perspective. If I'm the home owner and live there, do I need a permit to fix a kitchen or finish a basement? I...
James Sedano
IRA withdrawal to fund investment properties, can a cost seg help to reduce tax bill?
Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
Phong Lam
Can Self-Directed ROTH IRA purchase R.E. with tax-free?
Hello BP Community,How are you? Hope all is well! I'm a fairly new member on the BiggerPockets.I just have a question for you regarding how to use a ROTH IRA funds to purchase real estate properties. Since all funds a...
Chrissy Smyth
Rental in depresses area and minimum requirements
Hi All! I have a rental in a somewhat depressed area of North Florida. The biggest employer shut down about a year ago and 3 hurricanes (2 major) hit directly in the last year. When I listed this property last yeear ...
Kiana Rose
What is the best move to be eligible for financing?
I recently left my travel industry of one year and am currently a nanny making more money (roughly $800-$1000) a week however this is cash so it is non-taxable income. I also work part time as a server for extra money...
Brian Miller
Wondering if I should refinance?
I purchased the first property in August 2009 and I entered into the current loan in Dec 2012. The original loan amount was $145,000 and I currently owe $119,000. Refinancing will lower my payment by about $130 per mo...
Tim Mason
Multifamily Syndication Accountant/Bookkeeper
I am building my multifamily syndication team and I am looking for an experienced multifamily syndication accountant who can ALSO serve as my bookkeeper. My geographic focus is large Sunbelt metros, but I am physicall...
Jeff Bousquet
Real Estate in LLC's Question
If i open a LLC in one state (RI), and buy a multi in another (MA/CT). Do I need to fill in the other states?