All Forum Posts by: Jonathan Roldan

I’m looking into selling one of my properties here in Florida and would like to invest my profits directly into an out of state air b&b through a 1031 exchange. Is it possible to do a partial 1031 exchange so that I can use some of my profits to furnish and renovate the property. Has any one done this before?

I found myself in a predicament. Me and my wife just purchased a new primary residence (we are both on the deed) and I’m in the process of filing our homestead exemption. She has a 12 year old daughter (my stepdaughter) from a previous relationship, who is currently attending an A class public school. Where we moved is not in her school zone so my wife has not updated our new address on her drivers license out of fear that they will make us relocate her daughters school. When filling out the application for homestead it stated that all owners need to be added and that both owners addresses need to reflect the current address or else the application will be denied. I expect that if the application gets denied my property taxes may jump significantly. Ive been trying to find a way around this without having to change my step daughters school zone, however, I don’t know if I have any other options. Any advice would be greatly appreciated.  

  

@Nick Peters

Thank you!

@Lee Ripma

Thank you!

@Nathan Murith

Thank you Nathan. Yes I would love to take a look at your spreadsheet. DealCheck is a great tool. If you do have a coupon I’m definitely interested. Thank you!!

@Simcha Davidman

Thank you!

Hello team,

Everyone has their systems when analyzing a deal. What apps or websites do you use when analyzing a deal. Which are most helpful and why?

Thank you!

@Dave Foster thank you Dave! This was extremely helpful. I appreciate you taking the time out to respond. Thank you sir.

I looking into doing a 1031 exchange on a single family residence (rental) into a multi family (rental). I was talking to my property manager about this and she stated that if I do a 1031 exchange within the first two years of owning the home I would still be taxed heavily. Is that accurate?

Also I read that personal properties are not eligible for a 1031 exchange tax deferral. Does this mean that if the house is financed as a personal residence I would have to refinance as a rental property first?

Thank you. Any information in regards to this process would be greatly appreciated.

@Joe Villeneuve

How’s that?