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Hi allI am looking into have a reverse 1031 exchange. Any recommendations for a exchange facilitator? Your input is much appreciated. Grace
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Hello BPers,I know that short term assets are considered assets held for under a year and long term assets are considered assets held over a year.I have a duplex that I am considering selling. Originally I was living ...
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Looking to buy my first 4-plex. Do I really need a DBA, or since it's residential property can I just keep good records and have everything in my own name?
What if I buy the property in my name, and then get a DBA to...
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I have signed 3 extensions on this contract because the lender is taking so long to approve the buyer. I have been in direct contact with the lender for about a week now, and they only say “we have no control over how...
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I'm looking to purchase a few units with 100% seller financing. The deal is that once the principle hits the necessary 20%, that I would refi out. My question is where should the downpayment be kept till then? Should ...
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Hi I am newbie and wanted to find out if you sell a residential property that is titled under an LLC can you use the 1031 exchange for capitol gains exemptions?Kind Regards,Stephanie
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I bought this property for 11k, needs about 15k of rehab. I hold property under LLC. Property should appraise around 30k after repairs. First bank I called gave me a hard time because it's held under an LLC. Which...
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Would it be wised to hold your just remodeled flip for a year to qualify for 1031 what do u think are the pros and cons?
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Are there any other benefits to putting a property in a trust VS LLC aside from when in a trust there is a beneficiary designated should the trustee pass away so it is clear who the property would go to.
I guess thi...
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Hey BP,Looking at starting an LLC to manage future investment properties. Anyone have experience operating an LLC and not having to pay self-employment taxes? Here's my understanding of the IRS code on this question...