Account Closed
Is trading homes for businesses to increase ROI smart?
23 July 2018 | 3 replies
I have experience running small businesses and I am offering some of my rentals for exchange of business.
Justin Henry
Looking to get stared
24 April 2017 | 9 replies
I'm always happy to lend any hands needed, in exchange for experience and knowledge, if you guys are in need of any help.
Mark Rhea
Deductions on Improvements Before Officially Renting
28 February 2017 | 10 replies
You get cash in the FMV exchange and the S corp gets a new mortgage on the property.
Andrew Daniel
1031 Tax Question: Thoughts on like-kind properties
7 May 2020 | 3 replies
Can I do a 1031 exchange using the proceeds from 2 duplexes to purchase a VRBO lake house that's primary use will be rental income?
Sammy Lyon
From teacher to 10 units in 10 months!
29 October 2021 | 252 replies
Can someone answer this Hypothetical question for me regarding 1031 and Taxes.ScenarioLets say my Father bought a property for 1,000,000 and Sold it for 2,000,0001031 Exchanged the saleBought two properties for 1,000,000 dollars each.Held the properties for one year.Sold me one property for 1 Dollar.Sold the other property for 1,000,000.QuestionsIs this legal?
Lynne Gregorio
Looking to connect with other investors in Wake County (Raleigh)
10 January 2024 | 8 replies
I also have some land for sale in Cary, and when that sells, I will be looking to 1031 exchange into a few new projects.
Andrew DeWeerd
OPPORTUNITY ZONE TAX HACK - FLIPPING
5 August 2020 | 14 replies
These deferred taxes on capital gains and a potential tax-free profit in the future creates an incredible combination of financial incentives for beginner to advanced investors as well as large developers and commercial users.Opportunity Zones are similar in some ways to 1031 like kind exchanges (1031's allow investors to defer taxes on gains from the sale of a property by reinvesting the proceeds from the sale in another property within 180 days).
Llewelyn A.
Losing the Business Interest Expense Deduction and the 1031 xchg
11 April 2017 | 2 replies
Basically, from what I have been reading, those of us who have bought an Investment Property using a Mortgage will no longer be able to deduct the Interest on that Mortgage as a Business Expense.The other proposal is the elimination of the 1031 Starker Exchange Rule.
Jason Munger
"Buying" parents house...best strategy
15 February 2017 | 13 replies
If you're planning to 1031 this property one day having a low basis won't matter.
Glenna Bryant
Security Laws and Exchange Act
18 February 2017 | 2 replies
How can one be positive when joining a crowdfunding group that that group is registered or otherwise exempt if this is a new group starting out? I have tried contacting but the answer I get is that they are just ra...