Sold a property (proceeds with Qual. Interm.) & have a new property to buy. Formed a new 2 member LLC to acquire & hold new property, but accountant says it needs to be Tenants in Common. Can you do a 1031 exc...
Hello,Did a search on BP but didn't see exactly an answer for this question.My parents have a property under my dads personal name. We are doing a 1031 exchange on a property we are selling to purchase a retail plaza...
Would anyone know of a good and reputable resource or platform to learn and execute investing / buying mortgage notes? Any help/advice would be greatly appreciated. Thank you in advance!
Hello BP Community, I'm a relatively new agent in Phoenix, AZ ~8m in. My goal is to really get going on some deals this year and my broker highly recommended I open up a PLLC for myself. So I filed with the state abou...
Will sell with a profit of $200K under wife and husband names.
1) $200K at about $3k tax.. not too bad... shall better to do 1031 or just pay tax?
2) How much is the fee for doing 1031? $1000?
3) The sold p...
Does anyone have practical experience with CA FTB catching unregistered disregarded LLCs, and how onerous are they on penalties? Since the LLCs are disregarded, they dont even explicitly appear on tax returns on Sch E...
Hello all! I set up an LLC for my real estate investment company a year ago. Last year I filed personal losses (most just the cost of the marketing and LLC set up fees). It seemed pretty simple. However, this year I u...
Piggybacking this great post:https://www.biggerpockets.com/blogs/5070/37244-103...Question #2: Can my spouse and I sell a property that we own personally and buy a replacement property in a LLC that is owned by both o...
Hi all,My brother @Aaron Smith is planning on 1031'ing proceeds from his 4 unit into a 4 unit renovation project in Washington DC. Two quick questions for all you 1031 experts:1.) Can he 1031 into an LLC? (meaning can...
Hello BP!Looking to connect with Drop & Swap expert - Real Estate attorney and/or CPA Looking to combine Drop & Swap, 1031, and TIC purchase.30,000 feet view--Ki and Daniel each owned their rental properties i...