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28 October 2021 | 3 replies
My gain is obviously $300,000.
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28 October 2021 | 6 replies
I have rental property, which I want to sell, but ....gain taxes.In my case it is exeptionalyl painfull, because I obtained this propertyas the part of divorce settlement and I am older person now.I already spent a lot of money for professional consultations, it helps but not to the end. ( lack of preperation from my site)I am in the process now to educate myself , as much as I can about 1031 exchange option.I want to be able to ask right questions during next expensive meeting with the lawyer orCPA.What I am looking for over her, for precious help....I am looking for recommendation of the websites which offer help with 1031,and this is their business,they do not require the client to be accredited investorthey provide the listing of properties for saleand what very important, they provide at least closely estimated analysisof the deal. ( price, rent amount, property taxes, other costs etc)After my investigations , I am the most interested in rural California,or Atlanta Georgia, or Charlotte North Carolina.During my searches I found website of type I am looking for, I think it was Atlanta,their listing was very limited, but provided this analyse.but I did not save it ( did not realized how preasure it was) and can not find it again.So please, if someone went through 1031 exchange process, please share the websideswhich helped to find the right property, even better if they manage rentals.My case is so pityful, so the cost to even higher limits is wort it.Thank you very much evaP.S:My expectations, with flexibilityTo have at least 600k from the saletake 120-150 k cash ( pay taxes on this amount)Invest in 2 sigle family housesTo have close to 2k cash flow from the rentpossible ?
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28 October 2021 | 9 replies
Was something we could’ve maybe skipped but we gained clarity everything was indeed ok and well worth it.
7 November 2021 | 23 replies
Using historical prices and inflation you'll be making huge gains completely tax deferred.This process has to start by buying that first rental of which you speak.BTW, I have 140+ doors and scale certainly makes life easier.Respectfully,Gary
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23 October 2021 | 1 reply
Im thinking take the $100k gain in the last two years and pay down debt.
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6 December 2021 | 11 replies
All of this was explained to them with my offer which is another reason why they took it.Moral of my story, although you appear to have hit a triple on this one (great job again), I think you may have been able to come in slightly less on your offer with said explanation to see if you could have gained more cushion in your spread at purchase.
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25 October 2021 | 23 replies
In the end, you are going to need a little more insight than you’ll gain from this forum to know for sure that they are doing everything properly.
25 October 2021 | 3 replies
I’m starting to read and go to meet ups to gain as much knowledge as I can.
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30 October 2021 | 3 replies
Be willing to work for them for free if you have to just to gain more knowledge.
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27 November 2021 | 6 replies
Without experience, it will be difficult to gain a quick approval with a small amount of money in the deal.