I think you can't get this credit on an investment property but if it is your primary residence, can you apply the credit on the investment side of the duplex?Would that be something you can use 'twice' if that is the...

Pick your top 3-5 filtering questions and include them in your post to be answered by any PMC interested:)Please feel free to PM us if you'd like to chat about creating those questions:)

The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.If not, we’ll have to bring in our structuring attorney to ensure the right steps are taken to maintain 1031 eligibility.

Instead of getting the property free and clear, you keep the existing loan in place. 

And the cycle continues until you have spent thousands of dollars for information that you could get from the local library or Biggerpockets for free.

I asked about a recent deal, and he was proud to tell me he’s just in the middle of his first.A local RE broker found an “old lady” who owned her home free and clear but with $83k in back taxes owed.

That's six months of free rent (thanks to the tax-payers and a government that loves to be generous with other people's money). 

And if I do pay taxes do I get to deduct my original expenses from the LA sale?

Feel free to reach out with any questions!

Also consider the taxes, property management, maintenance, and vacancy when you're calculating cash flow.