Andrew Vargas
Questions about the market
Recently I have been looking at rental property in the Spokane area and I am shocked to see some of the prices. The homes I am looking at are extremely cheap compared to those in my area. For example, I am looking at ...
Greg Betts
First Fix and Flip, 1031 Exchange
Hey BP friends. It's been a long time coming but my business partner and I just closed on our first property. We're aiming to do several buy and holds but this property will be a fix and flip. My question for everyone...
Tareq Salaita
1031 Exchange Tax Question
Hello All,I know this is a highly technical question, so if you can't answer it but have a CPA that you can refer me to, I would really appreciate it.Here it goes:Me and my partner did a flip earlier this year, and de...
Angie Weddle
Looking to refinance in Indianapolis
We purchased our fIrst single family rental property in Indianapolis back in February using money from our HELOC. I have been having trouble finding a bank to refinance it through, so we can pay back our HELOC. Most...
Hoa Morales-Phan
Gifting/Grant Deed post 1031 exchange
My mom's sister wants to do a 1031 exchange. Vacant commercial zoned lot (unimproved) to a SFR as a rental property. Can she gift it after the exchange to the SFR to say me or my brother? What tax implications woul...
Michael Cox
Private Lender to hold title/deed.
I have a question about private lending? Say I come across a property for 150,000. I only have enough money for 10% down, $15,000. At the same time, I have a good friend who could loan me other 10% for the down. Doing...
Tim J.
Feedback on LLC creation in WY
I am looking to create an entity in WY - after listening to some podcasts about LLC formation. My existing properties are held in LLCs formed in the same sate as the property, or they are held in my name and partners...
Clark Harbaugh
How to minimize taxes when dissolving partnership
We are starting the process of dissolving our investment business (LLC) that has two partners. We know we have to sell 1 property, but the rest will probably be distributed equally. My question is when we sell the pr...
Georges A.
Question about mortgages and LLCs
Hey guys,
I've been researching for a while the advantages of LLCs. In fact some Kiyosaki books pretty much imply that if you're a REI and you're not an LLC entity (ideally in WYOMING or any other LLC friendly...
Account Closed
1031 a multifamily u live/d in?
I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...