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hi - purchased my property in January 28th and just sold it and signed the contract on 10/21. Just spoke to a 1031 exchange lawyer and he said that this is not a good scenario and I cant do a 1031 exchange, that i di...
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I'm stcok here I have a house with fha loan I got $10,000 to buy an investment property but banks are asking for 20% down. I just want to put around 3-5 %. Can I tell them that I want to move to the new house and buy ...
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I have a few private investors that are very interested in lending to me. I have had informal conversations with the individuals and they are on board for the most part. Obviously they would like details on the deal. ...
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I have a commercial zone property under contract that includes a building that I intend to hold for rental income and some additional vacant land that I intend to subdivide from the building and then flip.For tax purp...
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Thanks for taking the time to read my post! I have been working diligently to educate myself, and just when I think I understand my best strategy, I learn something else or get clarification that changes my view, and ...
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Hi All - I've seen quite a bit of confusion on the application of the Passive Activity Loss Rules and Short Term Rentals. Beyond BP, there is a lot of confusion in the accounting community as well but the same rules...
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I am not necessarily asking for a specific referral but are there certain certifications or accreditation’s that CPA’s can get that I should look for before deciding?Based on Real Estate Investing.
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I'm in talks to purchase a 60 unit property composed of fifty 2 bedroom 1 baths, six 3 beds 2 baths, and 4 single bed/bath. I've called several companies for quotes, so far the only one I've gotten back was $9,500. Th...
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Hello! I'm a real estate agent and an attorney (not practicing). My brother-in-law is a licensed contractor. We are ready to start investing and need some advice on starting an LLC and bank accounts. I know some in...
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I live in Rockford Illinois and I plan on purchasing a property and renting out a couple of the bedrooms with a short lease and contract. I'm having a difficult time finding the correct information online regarding th...