31 October 2015 | 4 replies
Probably an ignorant sounding question:Can a property owner 1031 exchange out of a contract for deed once the contract is fulfilled?
27 October 2015 | 4 replies
For example, form an LLC and capitalize it with investor money in exchange for some percentage of the ownership.
6 November 2015 | 22 replies
Certain companies would not be eligible to use the exemption, including:o Non-U.S. companies,o Exchange Act reporting companies,o certain investment companies,o companies that are subject to disqualification under Regulation Crowdfunding,o companies that have failed to comply with the annual reporting requirements under Regulation Crowdfunding during the two years immediately preceding the filing of the offering statement, ando companies that have no specific business plan or have indicated that their business plan is to engage in a merger or acquisition with an unidentified company or companies (no blank check companies).Investor Limitations Individual investors may, over a 12-month period, to invest in the aggregate across all crowdfunding offerings up to:o If either their annual income or net worth is less than $100,000, than the greater of:§ $2,000 or§ 5 percent of the lesser of their annual income or net worth.o If both their annual income and net worth are equal to or more than $100,000, 10 percent of the lesser of their annual income or net worth; Securities purchased in a crowdfunding transaction generally are restricted and may not be resold for one year. o Holders of these securities would not count toward the threshold that requires a company to register its securities under Exchange Act Section 12(g) if the company is current in its annual reporting obligations, retains the services of a registered transfer agent and has less than $25 million in total assets as of the end of its most recently completed fiscal year.
14 November 2018 | 17 replies
The buyer is using a company called welfont group to do a 170 exchange.
14 November 2015 | 10 replies
This is a 1031 exchange.
3 November 2015 | 8 replies
I would like to learn more about how to increase income from our rentals and possibly do 1031 exchanges in the future.
1 November 2015 | 4 replies
@Jarell Stokes - Welcome to the vibrant community.Below, is the link to a BP blog on Wholesaling from which you will be able to uncover some new tips or build upon existing knowledge.http://www.biggerpockets.com/renewsblog/2015/01/31...Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.Good luck and best wishes with you REI activities.
1 November 2015 | 3 replies
However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.
4 November 2015 | 9 replies
Good Evening BiggerPockets,Are there any members interested in sharing a 1031 Exchange experience?
5 November 2015 | 22 replies
I then look to grow my fund into a $100M fund within 10 years to parlay the growth into the banking industry.In my self storage business, I am focusing on acquiring an additional 40 self storage facilities in the next 10 years with the goal of either taking Social Self Storage public or being acquired by a self storage REIT.In my real estate investment business, I will be growing my portfolio to include an additional 500+ units in the next 5 years to hedge against inflation and to balance my lending business.In my wholesale business, I am currently working on automating the Chicago and Indianapolis markets to completely remove myself from the business within the next 18 months and will be scaling up to 10 properties sold per month per market.I am always looking for solid long-term business relationships, be it with experienced real estate investors who are in need of capital, equity partners looking to get a solid return on their money, strategic joint venture partners who are growth oriented, or foreign investors looking to hedge their U.S. currency holdings against inflation through the acquisition of U.S. cash flowing assets.Shoot me a line and lets start making some money together!