I am an Army Officer in my mid 20s. I am getting stationed at Cannon AFB in New Mexico and I found a four plex that has an asking price of $350,000 in the nice part of the city. Each unit rents for $950, and the owner...

Hi everyone,I could probably figure this out eventually, but I'd like to get an authoritative answer. There's probably someone on here who can answer this in 2 seconds.Let's say I bought a rental property for $400k an...

Hello! So I have the potential of selling my property and gaining a profit on it. Does anyone know how long a person can hold the profits from the capital gains after the day of sale and what are the parameters for re...

Hello all,I recently had a neighbor pass away suddenly, who left behind two sons. One of the kids is autistic and is being "fostered" by another neighbor of mine. The older brother is apparently stationed in Germany a...

Hi BP,I have searched a bunch of different places and none of the articles that I have read and seen don't mention this so I thought that I would through it out to the community.Here is my situation:- I have a rental ...

Hello!Seeking any advice from the pros on owner finance and 1031 exchange. Thanks in advance!I purchased an inexpensive 5 acre property out of state (1000 miles) for two reasons. 1 to gain experience and confidence in...

Hi everyone - My wife and I are considering doing 1031 exchanges on up to three of our properties over the next 12 months. The general idea is that we would BRRRR the replacement property (ies) and use the proceeds fr...

Hi everyone.  I bought a rental residential property for about $500k, and I estimate it will sell for about $1 million.  The property needs to be repaired in order to be sold.  The estimated repair cost will be about ...

Hello BiggerPockets, 
Quick Note: I did thorough research on this and keep getting contradicting advice.  
I recently purchased a property with the intent of holding it as a long-term rental property. I cosmetically...

Hey All, Thanks for taking the time to read into this. I am selling my first home (previously owner occupied) in about two months and would like to utilize a 1031 so I can defer roughly 72k in capital gains. I know I ...