Hey Y'all, Im purchasing in a market that is quickly getting away from the 1% rule, and the only way I"m finding to get the cash on cash return I'm looking for is by buying slightly (or more than slightly) distressed...
In my 1031 exchange I hold title to my relinquished property in my single member LLC but can I purchase my replacement property under my other single member LLC which has a different tax ID?
Hello!After being a member here for over a year I am finally ready to jump in and make my first investment. I had a piece of vacant land that finally sold and after paying realtor, etc I was left with about 76K. Payou...
I currently have two rental properties. One is a SFH worth about 120,000.00 that rents for 1,230 a month and is in terrific shape. Loan is 3%. The second is a triplex that is worth 220,000 and has about 80,000 in equi...
I am working on my taxes and feel that it is likely I should have a CPA with knowledge of 1031 exchanges and investment real estate. I'm filing an extension this year since I was working 60 to 70 hours a week for the ...
Hi BP'ers! New to the network and had a question. I'm exploring a potential house hack in Washington, DC where I live. I'm trying to understand the tax implications of how I would set it up since it would be a single-...
Hello all,Would love to hear thoughts on my situation and how I can move forward from here on my real estate investment journey. My situation is as follows:I purchased a 3 family rental property for approximately 155...
I am a fourth generation investor and LOVE THIS BUSINESS. I like creative RE investing and am looking to network in Las Vegas, Phoneix, Chicago, Florida, Wisconsin and Southern California.
I bought my first propert...
As I am looking to acquire my first rental, I was wondering how the requirements for occupying a residence work if I go the FHA route. Would I be forced to live in the home for a year, or can I decide to move out o...
I am a resident in Hawaii purchasing a few SFH in the Detroit area as investment rental properties as replacement properties in a 1031 Exchange. I am taking title in my and my wife's name. The title company I am work...