All Forum Posts by: Darren Lam

Sounds great!! Thanks, will consult CPA about extent of liability!!

My brother and I recently inherited a property and we are looking to sell it. We own 50% each but want to invest separately moving forward. Can we both do our own 1031 on separate properties? Or can I do a 1031 and he just pays his taxes on his half of the sale

Sounds great, much appreciated!!

I recently inherited a property that it is currently rented, there is no mortgage and I’m planning on keeping the tenants. Originally it was in a land trust but is now in my name, I know that in general a cash out refi is tax free but was curious if there would be some sort of tax regarding an inheritance or similar if I decided to go this route. Thanks