Hi Everyone!I was wondering if anyone has any experience with getting zoning variances in Glassboro New Jersey. My current situation is as follows: I have recently purchased a property with my father. A single family ...
I understand that "like kind" is extremely generous, so trading vacant land for real estate shouldn't be a problem. But is a "vacation home" that gets rented out on VRBO or the like when not being used by owner consid...
I live in Illinois and I haven't bought any investment property yet but hopping to very soon and have lots to learn at this point! My question is when buying a property for a rental, do I need to buy an LLC to help pr...
I have a friend with an old LLC that he uses for his main business but would like to purchase rental property. His main business is a 7 figure earner so I'm thinking he should definitely separate the two entities. Whi...
My first post on BP - I'm based in Dallas, TX and I build SFR as specs and sell to end buyers for the past 10 years. I've just purchased a duplex zoned lot in Ennis, TX and I'm debating whether I should build a spec ...
I’m looking to purchase my first house which sits on a 5 acre lot. In this area, the land alone will appraise for more than the purchase price but I’m concerned that I won’t be able to secure a traditional loan due to...
How are you using Facebook to increase your business? I am looking to see how Facebook has benefited you marketing wise. We have a fix and flip company in Chicagoland so we built an audience off the people that enjoy ...
I am day 7 into a 1031 exchange deadline. I own a different property (unimproved land unrelated to the exchange) with my father (50% ownership). Can I parlay my QI funds into an investment property I already own 50% o...
Can you do a 1031 exchange selling property and rolling the gains into a replacement land owned by an LLC that you have a small percentage ownership in? Is there a maximum % ownership in the LLC that the IRS would all...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $321,000
Cash invested: $95,000
I flipped this property to myself!! This was a pretty big rehab project and took a ...