My sister is upgrading primary residences and was asking if she could use a 1031 for primary to primary or if the property purchased had to be an investment property.
Investment Info:
Single-family residence buy & hold investment in Fort Wayne.
Purchase price: $190,000
Cash invested: $22,000
Purchased a single family residence late summer of 2022 and lived i...
I want to get my real estate license. I live in Iowa but want to purchase properties mainly in Kansas and Oklahoma. Will an Iowa license allow this or is there more state specific requirements I am unaware of?
Investment Info:
Single-family residence commercial investment investment in Granada Hills.
Purchase price: $224,000
Cash invested: $1
Sale price: $290,000
Bought 3 houses zero down with cash bac...
I purchased a house back in Dec 2012 that was my primary residence until Oct 2015. Since then I have been renting the house and have decided to sell. The house is 2 hrs away from my current residence and I am lookin...
Good morning, looking for advice on how to hand the following situation:We're currently residing in a single family house that we'd like to rent. I was pre-approved for a conventional mortgage and found a 2-unit hous...
Hello All,I am a newbie investor residing in California. However, I am looking to purchase Tax DEEDs from homes going up for auction in Florida (Brevard County), and I am looking to gather a team that can assist me. ...
Hey all,I live in a condo here in Southern California that I co-own with my parents as "Tenants in Common." They had a cabin property that they rolled over via 1031 exchange into this condo back in 2007. I put a small...
Hi guys, have a couple of questions as a first time landlord.1) Do I need to pay taxes on my rental income? How do I report it? How does the IRS know how much I am renting my property out for?2) Can you rent out your ...
I currently live in a single-family primary residence. Next year, I plan to purchase a second home and move into it. I intend to rent out my current home as a short-term rental. Before listing it on an STR platform, I...