Brad S.
What does it take to be a Resident PM in Sacramento
After investing in single family and small multi family for past 8 years I am looking into buying a 20+ unit apartment complex in Sacramento area. My initial thought was to self manage the building along with my partn...
Glenn Sumirat
First time real estate buyer with VA home loan benefits
Hi all,
My name is Glenn. I am a 10 year (and counting) US Navy veteran. I am new to REI but very motivated to succeed at it. It's not just a bug, I find this to be the best vehicle of success for my family and I.
M...
Evan Manship
Buy, Rent, Fix THEN Flip?
I have a grand plan in mind for a possibly 1031 exchange in the next year or two and wanted to bounce it off you experts. 1. Bought a buy/hold property in February for $30,000. The property is currently leased at $750...
Account Closed
Property Leads that have no Equity
For properties that have no equity, where a short sale would be in order, would you guys recommend that I just go ahead and send that lead over to someone else who specializes in short sales since I have no experienc...
Aubrey Prado
Foundation issues - Are they always a no-no?
Hello! My husband and I have one SFR under our belts and are in the market for another. We found a great deal in a good area: best schools, upscale part of town, newer and spacier home. But the one downside is that th...
Thor Bonaventura
Question regarding 1031
Hey guys new to this platform but I have a question if anyone can help. I am currently building a property and realized that that taxes from the sale are going to be substantial so I considered doing a 1031 then getti...
Steven Hsu
CPA in Dallas, TX
Hi BiggerPockets community members,
Happy New Year! Do you currently work with an expert CPA who is helping you maximize tax breaks with your real estate investments? If so, would you mind sharing their contact infor...
Belinda R.
Piercing the corporate veil
I just formed an LLC and opened a business checking account. When flipping houses I use my Home Depot credit card to make purchases for supplies, appliances etc and pay off once I sell. My question is since this Home ...
Steve Hungerford
Can I do a 1031 with the capital gains portion of the Sale......
Hello,I have a property with a lot of capital gains that I wanted to use some of the basis portion (basis plus the 250K exclusion) to buy a SFR. If so how do I do that ? Can I use the amount I believe is the capital g...
Deepika Tandon
benefits of real estate professional .
I would like to know the tax benefits of the RE Professional . Me and my husband both work full time. We are upto 19 units and flipped 2 houses so far. We do have property management in place for our 12 -plex and 4-pl...