Andrew Pacheco
Should I pull out 401k to purchase second home?
I’m 30 years old and I currently own a home in Southern California. I have been thinking about pulling money out of mine and my wife’s 401k to purchase a another home around $350,000. I plan on having my parents move ...
Nancy Bachety
College housing and gaining residency questions
We're looking for some answers if anyone can offer insight, experience or help.Youngest of 4 children is a freshman in NC. We live and work in NY. We found a house to buy in her college town. She is 18, has worked eve...
Account Closed
Recast vs Pay-down Economics
I recently sold a rental property and would like to invest the cash into another rental property that I currently own. I'm treating this investment essentially like a bond (safe, simi-low return, etc). From what I ca...
Joy Jones
Buying in my business, selling to myself?
Hello BP, wondering if it's legal to buy and flip a house with my LLC (cash), rehab, then turn around and buy the house retail (after rehabbed) in my personal name using FHA bank loan? I plan to live in the property. ...
Carolyn Davis
Fannie Mae Home Path negotiation question
Hello all!I've heard excellent reviews about this site and would like to gain some insight on purchasing a Fannie Mae Home Path foreclosure. I will provide as much detail as possible and can expand upon any area if th...
Ben Fernandez
Investor & Realtor from PA: Excited to Connect and Share Insights!
Hi BiggerPockets community!
I’m excited to introduce myself as an investor and realtor with 18 years of experience in the real estate industry. Over the years, I’ve gained hands-on knowledge in a variety of areas, in...
Kat Hughes
capital gains exemption on a primary residence that is owned inside a DST?
Hello!My husband and I own a multi family property in Los Angeles. The front house is 3bed/2bath with a converted garage and the back is a duplex, 2bed/1.5 bath each that are both tenant occupied. We want to sell th...
Brian Zaug
Rental losses against personal income
Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
Victor Zhou
Capital gain on sub-divided property
Hello members,We got a house almost 10 years ago with a big lot. The house is leaning towards one side of the land, so we are currently working with the city to have the lot sub-divide, and have a new build on the ot...
Chris P.
Quit Claim Deeds for 1031 Exchanges?
Hi, All,Question- can you find another investor with a property similar to yours and do a quit claim deed to each other to restart the clock on depreciation/do an easy 1031 exchange for tax benefits?