Steve M.
Sheriff sale foreclosure by HOA
I purchased a property at sheriff foreclosure by HOA and in the redemption period. The redemption period is up Aug 12, there are several liens on property but I've met with two attorneys and the said the sale will be ...
Danny N.
Would You Rent A $1.3M Home Out Or Cash It In?
I decided that I am moving to my vacation property full time and am unsure what to do with my main residence. It's in great neighborhood, actually in one of the 10 most expensive zip codes in the US, so future appreci...
Jessica Howell
Funding LLC's, deposits and draws
Hi everyone,
I will have 2 LLC's shortly. How can I go about transferring emergency funds between the LLC's as needed? What about depositing personal money into an LLC or drawing money from an LLC to put in a persona...
Account Closed
Is there a way to make money on the property we are leasing with none of our own money?
We are looking for suggestions on how we might be able to structure a deal with the landlord we are renting from, preferably with none of our own money.CURRENT SITUATIONWe have been leasing a home (3bd/1.5ba) in NJ fo...
Ross Shively
1031 exchange then sell to avoid taxes
I have a property that I have had for 10 years. It has increased about 150k in value and I have captured depreciation on it for 8 years. If I pay capital gains on the 150k and the depreciation pay back it will take mo...
Spencer Bowen
Excise Tax when wholesaling in Washington State
Dear Washington state wholesalers , I was just reading through the RCW on excise tax and found this little nugget below (RCW 458-61A-104 para (1)(b)). Can anyone help me understand paragraph 1(b)? It seems like if ...
John Wolf
Minimizing Taxes using Equity in Rental Property
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...
Christian Malesic
How to Research
...without leaving your office.
A fellow BP poster sent me this via email:
A quick question for you. In a post you mentioned that you can complete due dilligence on a property (minus the inspection) in about three h...
Vernon Henry
Delimma
I'm a newbie who bought my first property a little over 2 years ago. Bad news is, as far as cash flow, it's a little above breakeven. Good news, due to the real estate boom, I could probably realize about $120k gain a...
Account Closed
Owner carry -- how to avoid boot -- and not blow up the exchange
Can anyone with experience doing an owner carry with a 1031 exchange verify the following?Do I need to use all my equity, plus the cash I bring to close, and put all of it into the replacement property?As a simple exa...