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Hi,My parents own a rental property that is paid off and they are thinking of selling it. However, I'm not sure if 1031 is possible or better.Option 1: they lived there as primary residence for 9 years, then rented it...
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Hi, newbie investor here looking to purchase my 1st property. I'm focusing on small multi unit properties I can "house hack" to get started. My question is if I'm purchasing said property with existing tenants can I u...
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Hello BP, I am ready to start my journey into wholesaling here in beautiful Denver, Colorado. I am a licensed Realtor and investor that is now looking to venture into wholesaling. Being new to the whole process of w...
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Hi everyone. I’m a resident of Los Angeles, CA and I plan on purchasing rental property in Indiana. Where is the best place for me to establish an LLC? I have read about creating a LLC in the state I plan to do busine...
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Hey everyone,So I'm looking to buy a house and resell it via owner financing; from what I've read and researched it seems like a smarter decision than renting it out. Now, it seems smart to hire an RMLO to originate t...
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Scenario:Single-family home purchased for 49K. Rehab: 25kIf we sell for 95k and want to 1031 exchange does the next property have to be more than selling price or does it simply have to be more than original purchase...
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Hi folks,
I'm planning to purchase properties out of state, and plan to form an LLC to hold them. I might purchase properties in multiple states. I have some questions:
1. Does it matter whether I form the LLC in my...
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I know this is a very basic question, but I've read quite bit about real estate investing and taxes at this point and haven't seen it clearly stated. Since the LLC is a passthrough entity, do the business expenses (pl...
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High earning W2 income looking to offset taxes with a cost segregation study on a STR. More than likely would be purchased early November, so would this make sense to pursue?If i'm not mistaken, you need to show proof...
Hello!I am a first time house hacker. I will be closing on my duplex soon with a fha loan. I will be renting out my current primary residence and moving into one of the units of the duplex while renting the other side...