Hello all! I just sold my first portfolio of residential properties. I am looking to be more involved in the commercial arena. I will be 1031 exchanging the proceeds I have. My question is about a property I want to b...
Hi everyone, my friend is VA eligible and we are under contract for duplex for 850k in NY. The VA limit is 679k. Which means we need to come up with 42K (25% on the remaining 171k). My friend thinks I should pay for ...
Anyone familiar with seller financing and if you can use down payments you get for a 1031? Or would you be taxed on the gains?
Hey BP my mom is thinking of the future and eventually selling her home, it's worth about 1.5-1.7 million. I was wondering, for a 1031, is possibly to spilt it in 2 two properties? Let's say 2 750k properties? Or must...
Hey guys, I have my first flIp under contract. If I keep my budget in check and I am rIght about the ARV. I stand to make a good profit. Is there anything I can do to now, while waiting to close to prepare for legally...
Hi BP team, Happy New Year!
My brother and I own a 4-unit rental property in Los Angeles, CA, we've owned it for almost 10 years. The property Title is owned 50% by each of us individually, as tenants in common. HOWE...
Ok, so as a first time potential seller and novice investor-I just learned that if my I lived in my home for 2 of past 5 years I may not have to pay capital gains when I sell. I bought my two family back in 2008. It h...
We did a 1031 Exchange a little under a year ago. Out of an office building -- Into 3 seprate multi-family properties. We are now talking to the mortgage lender (the same lender for the three replacement properties) ...
Does a 1031 exchange require new debit or can the up leg be purchased with exchange money and supplemented with cash? If new debt is required, can a seller carry or private money be used?Thanks in advance for any insi...
I am from South Dakota and live in Scottsdale, AZ now. Since I own a STR management company that operates in both areas, my girlfriend (also from South Dakota) and I are always on the lookout for STR investments for o...