Andrew Yanowitz
1st Flip - under contract, inspection ends Friday - Help!!!
Hello all,Newbie to bigger pockets making a jump into my first flip. First a little bit about me, I am a licensed general contractor with over 10 years of experience working on mostly commercial projects, I have done ...
Joe Montgomery
1031 Exchange - Time Limit
I am California resident with one rental property that has just over $300k in equity and is barely in the black each month (less than $200). Looking to retire in about 5 years. Were are SERIOUSLY considering moving to...
Jonathan Klemm
Rent&Refinance or Sell ???
I have currently lived in and rehabbed my primary residence. I will have lived there for 3 years at the beginning of the year. It is my understand that I will not have to pay any capital gains tax if I sell (please...
Michael Heal
Assignment Contracts for Wholesalers in Michigan.
Hi all! Everyone here is such a great help. Does anyone have any assignment contract resources that I might be able to use for a starting point for my own? I have found a few, but I can't get any clarification on exac...
Paul Milnik
1031 technical question
Hi all, interesting question if there is any way to do this. I am selling a 4 plex and want to 1031 into a couple properties. My question is whether one of those properties could be the current house I live in. I woul...
Account Closed
Depreciation for foreign rental property
I have a question regarding Canadian rental property for US taxes. As you know the foreign rental property is subject to a 40-year linear depreciation in US. Taking depreciation allows me to reduce my taxable rental i...
Sharon Tippett
Getting started using LLC
I have heard a good way to get started is to start an LLC to purchase a property and sell the LLC. I don't have the best credit and limited funds. I have enough funds to start an LLC and put a property under contract....
Eugene Lubman
Selling to a family member (or transferring to a trust?)
Hi,I am planning to sell my 3-unit investment property to my parents. The idea is to provide them with a steady passive income in their retirement. I will still be managing the property, as well as be an inheritor, ...
William C.
Sarasota FL: Buy/Hold or Sell
Long-time follower of the forum (and Podcast listener). First time poster on here. I would like to present my personal situation and get some opinions on how people would proceed (also why). See below and thank you in...
Account Closed
Prepay mortgage on rental property with negative cash flow?
Hello everyoneI have my primary residence in NYC that for personal reasons I will need to convert to a rental, since I am moving out of state. I have done the calculations and I will come to a negative Cash Flow of ab...