I heard only rental properties qualify for 1031, but not flips. Is this true?
Hey everyone! Not sure if this was already mentioned or posted here, but I received an email from TREC this morning clarifying rules for wholesaling in Texas (I meant to name this Texas Wholesalers):"Sale of Equitable...
I am day 7 into a 1031 exchange deadline. I own a different property (unimproved land unrelated to the exchange) with my father (50% ownership). Can I parlay my QI funds into an investment property I already own 50% o...
I live in Southern California, do I need to use the California RE contact to get a probate deal under contract to be able to assign it as a wholesale deal? Since these transaction are all cash, could I use a regular o...
I'm going to be doing a 1031 exchange sometime in the next few months. (existing tenants will buy a rental property -- exact date not set yet.) I plan to roll the proceeds into a 1031 property. However, I just saw ...
Hey BP community, wanted to know if any of you have any good resources that clearly map out laws/stipulations of operating an air bnb out of a property in Westchester, NY?
Thanks for the help!
I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...
I have a seller who recently had his home foreclosed on by HOA here in Dallas, TX. The home was sold to a buyer at auction for 13K, which was the amount due to HOA. The home is still in its redemption period until May...
Hi guys!One very smart person said:" If you want the multi member LLC because you are unsure if you could be contested in a single member LLC, then find a trusted friend and give them a nominal amount (5% or less) of ...
I'm feeling very nervous about trying to complete a 1031 exchange for a property in San Diego county which has not yet closed. I was planning to buy some much less expensive duplexes in my home town in Wisconsin and ...