All Forum Posts by: Julie J.

Wayne,

Let's say, the home I will be selling under 1031 exchange is A

AND

the 2nd home I am trying to buy is B

So, should I buy B as "investment home," not as 2nd home, to avoid conflict when A is sold?

Hope I made myself clear.

What do you think? 🤔

Thank you for shedding light on the situation!!!!!

1) I bought this home in prior to marriage and it has over 500k in equity. I am trying to sell it and buy another property via 1031 exchange, but will I owe taxes because my husband is not on the title?

Ex. 500k deduction is not allowed because I bought it as a single woman.

2) what happens if I buy another home as "second home" and sell above home afterwards, can I still sell it under 1031 exchange and receive tax benefits?

Ex. I am worried about second home is not being the same investment property.

Someone please answer!!!

Thank you in advance

Hello Mark

Not familiar with pm feature. Could you shoot me an email?

just left you a msg. 

Thank you

Hello Kelsey

Thanks for your feedback.

Yes HELOC is a traditional way but I am looking to use only the "equity," not cash. I wonder why there is no one who knows about this especially place like BP where lots of real estate expertise gather every day. Hmm....
If you come across anyone, do you mind sharing?  I will do the same🙂

Hello there.

Prompt reply is much appreciated.

There are many new homes being built in where I am trying to buy. Is that a positive factor  for fast appreciation?

Thanks again

Is it true that newly built home appreciate in value much quicker than old homes?

@Emily C.

Hello Emily

I liked your post.

BTW, is it really true that newly built home gains equity faster than existing home?

I am in the middle of home buying. Thanks

Hello

Are you a broker or do you know anyone who might be able to help me purchase of a home using creative financing called, "cross-collateral" loan?

I'd like to use equity of my other home as down payment for this purchase.

Thanks for reading