I’m selling a property held in a single entity LLC and want to 1031 into a vacation rental. I am looking at DSCR loans for the new property but not sure what kind of loans are allowed in a 1031. Is seller finance allo...
Hello BP community,
I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA). All of my properties are currently owned directly by me.
I've been advised to hold each property in ...
Hi everyoneI recently moved a handful of rental properties into a Series LLC. I won´t go into the pros and cons of these entitles as they have been covered extensively in the BP Forums & Blogs.However, as Greg Boo...
I am under contract to sell one of my rental properties and found out this morning my tenant in 2015 didn't pay his personal property tax on his boat, which is now being held against my property. The lawyer said I wi...
I was thinking about selling a commercial property that I just bought 4 months ago. I understand if I sold it before 366 days of ownership, it's a short term capital gain tax. But if I did a 1031 exchange, there woul...
is anyone familiar with refinancing a property that is held in a land trust? i have heard this is next to impossible to do. are there any banks that will work with you? should the trust be set up in any specific way?
I bought several properties at tax sale in 2022 and I'm doing my taxes now. The properties are unlivable and have not been rented and are not offered for rent. They are just sitting. I do have costs incurred maintain...
Hello BP!My family and I have three properties (1 primary, 2 rental) held in one family trust. They trust my methods and are allowing me to leverage the equity to invest in real estate.1) Primary property was purchase...
I hold a couple of properties in a series LLC. Both properties are currently uninhabited as we prepare plans to demolish the existing homes to clear way for development.Property A consists of two parcels, one parcel w...
Hello, I'm hoping someone here can point me to a seasoned & experienced tax professional who could help advise me on the best course forward with my 1031 Exchange I'm in the middle of. Details of my situation belo...