Hello - A property I've had my eye on for a while just came on market in my area, it's bank owned. Back taxes are $16K. Asking $350K, 1800 SF; definitely needs $100K+ reno, really could use a gut reno, although roof l...
Hey everyone!This will be my first post so i apologize if its being stuffed in the wrong area of the Forum. My name is Chris, I just purchased my first home at 26 as a personal residence. Ive always been a believer in...
I have what I think is a two-part question. So here is the scenario and hopefully it makes sense.If someone were coming into money from the proceeds of their primary residence (qualifying within the 3/5 years occupan...
I found an interesting deal for a lake home that could serve as a primary home with 2 apartments below. I’m considering purchase options.
Option 1 - I can sell my primary home and purchase the lake home.
Option 2 -...
Can you like-kind exchange a 3 family the owner is living in to a 2 family that the owner will live in?
If you did a partial sale/partial gift purchase of a business from your parent and the purchased and gifted portions were discounted( lack of marketability and lack or control discounts)..... If you paid 350k for 51% ...
Can someone educate me on the guidelines and help me determine if this option is possible? I'm looking to understand what the determining factors are to decide if it fits a 1031.I'm selling a rental condo to 1031 exch...
Hey Biggerpockets Community! I have a tricky question that I cannot find any good answers for on the internet. Big fan of everything you give to our community. Here we go….So my dad signed over his estate (house an...
Hello,
Here is the scenario. An investment property (residential-rental) that would be 1031 into a bigger more expensive residential property. Part of the property would be used as a primary residence and part as a...
Hello Fin-savvy friends! I'll keep this concise because it's complicated (I don't understand it... questions below). Circumstance: Wife and I live in 1 of 3 units within an Oakland CA triplex purchased in 2010. We w...