Can this work for a 1031 exchange and how would this be taxed. This is an example below but easily could be done in the future of my business.
I️ sell my free and clear property for 100K, which is what it appraised f...
Hi everyone I have a quick question! I saved up $70k this year and want to buy my first BRRRR. My only concern is when I get a hard money loan do I need 20% of the ARV (for acquisition and a loan for the renovation) s...
I am looking to purchase my first rental property. I’d really like to start with a small apartment complex, less than 40 units. The issue I’m facing is that the properties I am interested in are vacant. Can you please...
I just got tenants out of an aggravating single family I've had for 4 years and fixed it up to sell. I should net 200K off of this sale. Property was only netting me $636 a month after all expenses but my interest ...
Hello BP Friends!I'm looking for a 10-30 unit apartment building in my market place by pulling the tax records of buildings with this many units, then looking them up and doing some research before finding the owner a...
Note: I wrote this post pretty quickly, so I’m sure there will be some questions and perhaps even some confusion…if so, feel free to ask, and I have some additional disclaimers at the bottom... I’ve written a bunch ...
I had to read this two or three times to see if the arrested man's claim "Everything that occurred with this house was lawful" was really the case. In my opinion, the above statement is not correct, given just the ...
From what I understand the two basic requirements for a 1031 exchange are the following:1. Use all net proceeds from sale into another investment property2. Subsequent property must be of equal value to the net sale o...
Hi BiggerPockets people!
I am from the Seattle area and have found a property from a wholesaler in Indianapolis that I am interested in purchasing as an investment. This will be my first long distance purchase and pl...
Hey BP, I think I might have just had the craziest idea ever, and I need somebody to smack some sense into me and tell me it isn’t possible. But if it is possible, then it would be amazing.
So not too long ago I p...