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We have a 3 member LLC and we are selling a vacant 6 unit residential apartment building and we would like to exchange it for a house. We own the apartment building free and clear and we will be using a commercial loa...
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I have 2 properties that are getting ready to
Settle in the next 30 days, I would like to do a 1031 Exchange either into another flip or into rentals. I have read conflicting info on this topic in regards to flips, ca...
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Hello BP Friends, Can we do a 1031 exchange on an investment property we bought 9 months ago? Is there a tax implication? What are the things we should be aware of when performing a 1031 exchange? Please educate.
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I would like to sell a couple properties in the future, would I be able to use the 1031 strategy to buy one house that I would use as a primary residence? Would I be able to sell 10 houses in a package and use that to...
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I bought 6 unit property in Wildwood,NJ,
in November 2024, doing rehab now, should be done by May 2025
I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts ...
Is there insurance to cover intentional damage by tenants? For example, if your tenants intentionally trash and damage your property, turn it into a meth lab, or any other intentional damage (e.g. vandalism). Is there...
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I took r2d246's letter of intest post and used it to create my own letter of intent. pretty simple, just to make an offer on a property. does that work and will it CYA in case you cant find a buyer?
LETTER OF INTENT ...
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All:I did my first flip earlier this year for proof of concept. 17k purchase, 11k rehab, sold 45k (45k - 28k = 17k pretax profit, no realtor) . I am finishing my second one, which is going to be about 80k all-in, ex...
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I saw an ad on craigslist about a burned up house in north canton ohio. I texted the seller, got the address and did a drive by. it was about 1900 square feet, 4 bedroom 1 bath, with a detached 2 car garage. the house...
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Suppose I sell my current investment property. I then use a 1031 exchange to purchase a duplex. Can I then live in one of the units as my personal residence?