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All Forum Posts by: Robert Gibbons

Robert Gibbons has started 2 posts and replied 2 times.

Rehabbing & House Flipping

Post: 1031 exchange question

Robert GibbonsPosted
  • Posts 2
  • Votes 2

My question is, I am about to go under contract with my first Fix And Flip. I have set up an LLC and I am lending my LLC about $40,000. This will be used for the company to have as a down payment. When I sell the home I plan on using a 1031 exchange so I was wondering, is there a way the company will be able to reimburse me without me having to pay taxes on the reimbursement of $40,000

1 Vote
New Member Introductions

Post: I’m a new investor excited to get started

Robert GibbonsPosted
  • Posts 2
  • Votes 2

I am very excited to start this new chapter for myself and my family. After reading several of the BiggerPockets books, I am convinced multi family is the way to go for me. I look forward to hearing from and speaking with this community.

1 Vote