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21 July 2015 | 7 replies
--------Three family members (Mother, Daughter, Son-in-law) formed a General Partnership with equal ownership.The Partnership acquired a mortgage and purchased a home.Two of the Partners (Daughter & Son-in-law) immediately moved into the home as their primary residence, and began to pay rent to the Partnership.Years later the home had appreciated in value and the home was sold.The Partnership purchased a new home and two of the partners (Daughter & Son-in-law) immediately moved into the home as their primary residence and began to pay rent to the Partnership.Does the sale of the first home and the purchase of the second home qualify for 1031 treatment?
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26 July 2015 | 17 replies
Winning the game means picking the investment alternative that pays the most in total.
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27 March 2017 | 127 replies
Hi: Like you, I'm not in favor of cash-for-keys but sometimes it makes sense if the alternative will cost you more.
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22 July 2015 | 5 replies
I did not realize she was taking cash to the actual PFCU account until she was unable to deposit cash at USAA (since she's not a member).I offered to discuss alternate forms of payment, including wire transfer, etc (I'm 600 miles away so I can't ask her to come by my home with cash).
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3 August 2015 | 3 replies
Are there alternatives?
23 July 2015 | 16 replies
There are many good investments, including alternative investments like consumer loan crowdfunding (which has been returning me 7-9%).
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6 August 2015 | 16 replies
Section 1031 of the Internal Revenue Code (1031 Exchange) works in conjunction with Section 453 of the Code (Installment Sale Treatment).
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23 July 2015 | 1 reply
Warning many relationships have been destroyed or seriously strained by business partnerships so I would exhaust other alternative, bank or seller financing ect. firstGood luck
6 August 2015 | 9 replies
Your current rental would qualify for 1031 treatment as would your new house if you could demonstrate that your intent was to hold it for productive use.
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7 December 2016 | 81 replies
Just to spitball a possible alternative.