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The property was originally purchased in the 1940's. Mom and dad put the property in a bypass trust in the early 2000's and one feature of this type of trust is assets never get a stepped-up basis. Parents passed away...
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Hi all, I am looking for some expertise from STR landlords or accountants. I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few g...
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I am part time real estate investor and full time marketing consultant. Interested in doing real estate flips and passive income strategy. I have attended couple of professional real estate programs and have gained lo...
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Hi all.I am thinking of selling a few properties in 2016. I would prefer to do a 1031 exchange on them to avoid paying the tax, but most markets in the US seem overbought right now (both SFH and multi-family). I am a ...
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Although it scares the hell out of my wife I am developing an interest in rental properties and I'd like some advice. I am fortunate enough to earn a very good living that allows for 3-4 days off per week due to a com...
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Hi BP. I'm interested in learning about purchasing property with a self directed IRA. I have a 401k from an old job that is sitting, growing slowly. If I can learn how and it makes sense I'd like to use that money to ...
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So once again I'm looking at the proposed tax assessment of my South Minneapolis Duplex and for 2019 they have gone up once again, but this time 20%. I've owned the property since 2014 and the taxes have gone up from...
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I had lived in the house for 2 years. I put down about 100K and am walking away with about 300K, 100K of which is my down payment, give or take (rounded numbers for ease of discussion).I just moved into one of my chea...
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I'm looking to move into commercial multifamily in the near future and curious about a few things. With there being several barriers to entry, coming up with a large down payment being one of them, I'm wondering how m...
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I recently lost out on a duplex in an up and coming area of town that had 8 offers, including mine, the first day it hit the market. The duplex is located right next to one of my other properties so I have been sendin...