Puri Indah
Buying Duplex, Selling 1 Unit
Hello BP'ers,I have a few questions and hoping you could give me some of the answers, if not all:Scenario:Selling a rental property for $1,200,000 and thinking of 1031 exchange it to a duplex at $2,500,000.Questions:
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David Benton
Seller 1031 holding a note
The seller is doing a 1031 on a property I'm buying. Can he do seller financing on a part of the purchase and still do the 1031 with the cash received? Is the note balance considered boot?
Alex Billips
Questions about moving my current 401(k) to a solo 401(k)
I have a 401k at my current job. I’m wondering if I can change it to a Solo 401k with checkbook control and then use the funds to invest in single or multi family rental properties that I am the sole owner of. I also ...
Emerald Sie-Duke
An Employer that does not provide pay stubs (but writes checks)!
Hi,I am currently screening tenants (mother & daughter) for a 4bdr/3.5bath home. One of the prospects explained to me that she does not receive pay stubs and is paid by a hand written check and cashes it. When I ...
Timothy VanWingerden
structuring LLC for syndication
I'm working on syndicating a deal and I have a number of investors who have an interest in committing some funds with me to make this deal work. My thought process is to set up an LLC where each investor has a % owner...
Account Closed
What to ask CPA in initial meeting?
Hello all,So my partner and I have a meeting with a local CPA coming up and I wanted some insight as to any specific questions we should ask. We formed our LLC this year and are set up to do business in two different ...
Guillaume Vidallet
Setting up LLC in my State or out of State
Hello,I will be closing on my first investment property in a few weeks in Buffalo NY and looking to acquire more in 2025 in different states (ohio, PA, Michigan), being a Florida resident, which state should I create ...
Anthony Walker
What to know and what to have when becoming a landlord
Hi all
So I will become a landlord soon and I just wanted to know what should I have or need to get as a landlord. For example what type of account should I open to hold my tenants first, last and deposit, etc?
Michael Kantar
Best method to save money to invest in real estate later on
Hi my name is Michael and I’m 16 years old and am currently looking to build some capital (20k+) to invest later on in real estate. I’m not sure if I should invest in something else in the meantime and hold it (stock...
Adam G Maggs
12 months and $300/mo to improve my credit
Whats up folks? I am looking to buy my first piece of real estate in about a year. I expect my largest obstacle will be my credit score. I am starting at a 600 and working hard to clean it up. A snapshot of my current...