So the buyer of my 2 duplexes (side by side properties) has asked for a single escrow to save a few bucks. I am looking to do a partial 1031 exchange; around 50% of the total proceeds but not clear as to whether the s...
After speaking to CPA's, the tax attorney and real estate attorney it's clear I cannot run a dealer business out of one entitiy and create installment sales in another entity without running into problems with the IRS...
I know I should just ask a syndication attorney or CPA but I am wondering if anyone here has done this before - been able to set up a syndication in such a way that distributions can be reinvested into a deal?Let me c...
Hi, a colleague and I are just getting started in REI and are looking to create an LLC. Our properties will likely be located in Minnesota and the surrounding 5 state area--Wisconsin, North and South Dakota and possi...
I'm new to 1031s. Are there any creative rules that might help us in the following situation? Are there any other options I am not thinking of?Background: As my husband and I consolidate properties within our family b...
Hi Everyone,I'm looking to invest south of the border and the two biggest markets that are closest to me are Syracuse and Albany. I noticed that Syracuse is alot less expensive than Albany, but Albany seems to be more...
I own a 4 unit apartment building, live in 50% of the building and rent out the remaining 50%. I'd like to sell the building and do a 1031 exchange for the 50% share that is income property by purchasing a like-kind p...
Is purchasing a brand new unit better than purchasing an older unit that may cash flow better? I am wondering if not having to worry about maintenance costs, upgrades to units, etc. would outweigh the difference in ca...
I am considering purchasing a multi-family property in Northern New York. It's listed at $103k as a 4-Unit with an office, however the owners have the office rented as a 5th unit. They told me that they don't report...
At what price point does a Cost segregation study become worth it? I have a property I am almost done with the remodel on and it will most likely appraise for 160k and have another that did for 140k. Would it be worth...