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18 January 2016 | 12 replies
They've been my home/auto insurer for years, and came out cheapest for multiple policies.I've had several exchanges with the local agent.
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24 August 2017 | 72 replies
The single family we are trading it in for here in San Diego was only cash flowing $5,000 a year.That loan will be with my same local bank in Cleveland. 1031 exchanges are a brilliant way to defer your taxes too!!
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26 August 2011 | 14 replies
Profits would be taxed.Look at it as if you exchange one asset, the valuation of your property, for cash and such receipts are exempt, there is a form for losses and amounts received, check out the form.
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14 August 2011 | 8 replies
If a lawyer tells you this is the case, you may offer her the three current properties in exchange for your sole ownership of any new properties.
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25 October 2012 | 25 replies
The federal government cannot run out of money as they are the monopoly suppliers of our currency, i.e.
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5 October 2021 | 7 replies
At the close of the sale, the winning bidder must immediately pay (pursuant to local restrictions) the municipality the advertised amount (or less); in exchange, the municipality will prepare a tax sale certificate in the name of the successful bidder.
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1 February 2017 | 7 replies
I'm familiar with the concept of exchanging a property for one of greater value to delay taxes.
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8 February 2017 | 20 replies
Note; on this deal I have partnered 50/50 with a contractor; he is not being paid for the work; essentially he is renovating for free in exchange for 50% profit, so my labor costs are very low (bringing in subs for some small items and day labor to help, but no large labor costs).
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2 March 2017 | 2 replies
Just wondering if anyone has any guidelines in regards to when its worth it to have a 1031 exchange in certain real estate sales.My current sale is going to have me owe about 35-45k in capital gains tax.
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19 May 2020 | 1 reply
Hiring a mentor can solve your problem, as the mentor will have the experience and knowledge to look at a deal and determine whether the price is equitable or not.The operative word here is “hire” - you’re not looking to barter your time in exchange for your mentor’s knowledge.