All Forum Posts by: Tyler Brown

Awesome, who do you use for your reno?

Hello BP, looking for local KC lenders for a house hack. Currently looking for a 2-4 unit property in the KC area that will also serve as my primary residence. Excellent credit. Was quoted 7.25%+ and have pre-approval from another lender, but seeing if thats the best rate out there right now.

Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We were under the impression that we could at least get partial tax deferral even though the purchase price was not as high as our sold asset. The intermediary never said there was any problem, but now our accountant is stating that the 1031 exchange "failed" and will be treated as a normal sale. Is there truly no way to get partial tax deferral? If not, is this something the intermediary should have warned us about and should we ask for a refund from them?