All Forum Posts by: John Chapman

Thanks, I'm giving up multiple properties but only have one replacement property.  But thanks for the advice.  I think I'll give it my best shot and then take it to an accountant for review.

Thanks, Matt.  Yes, I was thinking that myself.

I did a 1031 tax deferred exchange in 2018.  I sold three properties which closed on 11/1/2018 and I closed on the purchased property on 11/13/2018. I completed form 8824 and have documented the adjusted basis for the three properties that I sold on a separate page ( a requirement for a multi-asset exchange) which I will attach to my return.

Do I need to file a 4797 ( Sale of business property) for each of the properties that I sold since it was an exchange and not a sale? I never received a 1099-S from my title company or broker.

Did you consider holding onto the townhouses as long term rentals?

Is anyone having success with direct marketing to out of town rental property owners or other special situations--owners who are divorcing or owners behind on property taxes for example?  

Got it.  Thanks.  Been doing it for many years-- didn't know the acronym.

Please define 'brrr' for me.  Thanks.

Thanks for all your help, Mathew.  I'll be visiting Portland in March so I'll be in touch.

Jay, I don't want to be too far out because I'd like to find something relatively close to my daughter's work-- she works for the David Douglas School District.

Thanks, Mathew. What is the best way to track this proposal?

I am looking in the 400-600k range In the SE area.  I thought there were some proposed changes that were supposed to be approved this spring that would allow for increased density— is that what you were referring to?