I was at a meetup the other night and a CPA came to speak with us. I spoke to him on an individual level after the meeting about a 1031 exchange that a family member is looking to move from one property to a like kind...
Is there an alternative to doing a irs 1031Exchange. Rolling to a alternative temporary. If replacing property can not be accomplished in time?
Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
Starting an LLC and at the point where my business partner and I have come to agreements on how the business will be ran ect.We will be putting these agreements into the LLC Operating Agreement. My question is once t...
I purchased a beach cottage on the East side of A1A in Palm Beach County Florida back in 2006. When I purchased it the previous owner made a comment that the neighbor built this room addition which was built right on ...
Hello. I'm looking for some feedback on a group of potential tenants that are pooling their resources to live in a 4 bed, 3.5 bath condo.
There are 2 adult females and 2 adult males along with 2 17-YO males.
Cummula...
Description:-
Tenant was on a 20 month lease (Oct '23 - June '25) on a single family home/Texas. He "talked about" the possibility of an early lease termination 6 months into his lease Apr '24 due to a new high pa...
Hi biggerpockets members. I would like to ask yall opinion on how to deal my situation. My tenants are both female, and they are friends. Today we received a text from one of them stating that she will be planning ...
I understand you can defer taxes on SFH through a 1031 exchange, but what about tax deferment as an LP of a syndication? It's my understanding you'll have some paper losses due to depreciation that you can push to fo...
I have a SFH with equity that I will be selling and 1031 exchanging for a commercial/mult-family property. Can I legally syndicate the new acquisition, and if so, will this just create a tax accounting nightmare?Ahmed