Hey BP! I wanted to ask the community something and get their opinion on it. So I’ve finally made the choice that I will not be attending college and rather just work and save up for my first rental property. My que...
Thanks for taking the time to review in advance. I just wanted to get some clarity on proper protocol. On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so ...
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We have a close family member who has a property in Denver, CO that has been a restaurant for over 20 years. The structure is an old house and the zoning in the area allows for a business or residential. The property...
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Am I able to do a 1031 exchange from a strip mall to multi-family? If yes, am I allowed to be a tenant in the multi-family?Thanks!
I am advising a client who is looking to expand his real estate holdings. He currently owns a $4,000,000 primary residence with a $850,000 loan balance. Also owns a $1,800,000 4plex free and clear, $1,400,000 condo fr...
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Has anyone Combined a Cost Segregation Report and a 1031 Exchange? What is the upside? The downside? Any recommendation for a cost segregation report?
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My son and I were having a real estate discussion this afternoon, and came up with a question that we weren't sure how to answer.If you have a rental house that is fully depreciated, and is then destroyed - natural di...
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Please forgive the typo. I'm not sure how to edit it. Thanks.
Hello, I have a 2 bed 1.5bath townhouse for sale and would like your opinion on price, marketing, etc. These are the specs:...
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Someone asked me a question on my site about changing depreciation for past years. I did some research but could not find a solid answer.
Let's say you buy a property for 200k and use 100k for bldg and 100k ...
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Can someone please remind me...I can use 1031 proceeds from one property to acquire 3 new properties? Can any of those new properties have a purchase price less than the property of which the proceeds are from? For ex...