Michael Carbajal
Exempting Capital Gains when a property is owned under an LLC?
I am closing on a SFR in January that I plan to live in. I am curious if anyone has ever successfully been exempt of Capital Gains Taxes when completing a "Live in flip" even if the property is owned an LLC? From what...
Leah Hagans
1031 mixed use swap help
Sold a ranch (relinquished property) which was mixed-use (primary & business). We are trying to find information on how to identify if a replacement property will quality as a mixed use 1031. An example would be a...
Wesley Whitehead
Personal Loan for buying rentals
All,I have an opportunity to borrow 100K from my bank at 6.65% fixed for 60 months (this what I was approved from when I did the application not what the person at the bank said I could receive). Did the math and it ...
Skip Reath
Converting 401k to SDIRAs
Question? Is it possible to roll a 401k that I self direct into a single SDIRA that would hold both traditional and Roth monies. Right now my 401k has both traditional and Roth money commingled in a single account ...
Henri Chow
Problems / Wishlists when working with QIs in 1031 exchanges
Hi all,My partner and I are interested in making certain types of 1031 exchanges easier and cheaper for investors by fully automating the role of qualified intermediaries (QIs) online. We want to make our product as h...
Nicholas Lovric
1031 Question - Not an easy one
Hey BP Friends, I’m looking to purchase a multifamily (56 unit) from sellers who acquired it with 1031 exchange proceeds. They want to seller finance it and aren’t sure if they would have to pay out all the deferred t...
Tristan Egan
Historic District Homes
Good Morning Everyone!
So im looking to purchase my first home, but i also want this said home to be a rental property one day.
I found a beautiful 1888 home is Elgin, IL Historic district. I have a feeling it is ...
Jeremy Anan
Tenant Abandoned the Property
Hello BP - We have a tenant in a unit in Baltimore City who has been giving us some headache.- The guy works for Amazon in Baltimore. He was working at Amazon New York and transferred to Baltimore. He moved in on Febr...
Sheena R Roth
Up to a year to identify a property for a 1031? Is it possible?
Property type: fire station with on-site living quartersScenario: The property is currently rented to an EMT company to park their ambulances and house the EMTs while they’re on-call. A new owner just came into the pi...
Leon Lee
Buying a Quad with four independent tax records
Hi, BP Fellow InvestorsI am interested in a Quad with four independent tax records on the county website. Suppose that I only have one of the 10 residential loan slots left and I want to take advantage of this low-int...