I just did my first 1031 exchange selling a single family and buying a 4 plex. I did this outside my SDIRA (Self Directed IRA). It got me thinking about using the 1031 exchange within my SDIRA. Here's my thought proce...
The scenario is this....Purchased a condo in Manhattan in 2006, it served as our primary residence until October 2014.Since October 2014, we have been renting it out. Basic question is...at what point, if any, would t...
I’m trying to understand the basics of 1031 Exchange.Q: 1. The benefit is that while capital gain taxation is deferred it temporarily frees more money (profits/equity) for re-investing is this the point? 2. Does 103...
Hi gys -I am planning to sell my Investment Property that I bought in 2012. I'll do an example below just to understand the taxes payable.
Can someone with real experience relate if they really had to pay these taxes...
Does anyone understand the rules of a 1031 exchange?
Is it true the acquired property's purchase price must be higher than the net sales of the exchanged property?
If a property swap occurs of different...
I have been reading through "How I Turned $1,000 into a Million in Real Estate in My Spare Time" by William Nickerson and have been curious about his strategy. He trades up houses in a straight swap, equity for equity...
I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...
Hello,
My family will soon be selling the family business, roughly 3-4 million dollars is the estimated sale price. We hope to purchase/build residential rental properties with this money, we already own outright tw...
Hi all. Someone with a dozen highly appreciated homes and condos that wants to sell them all off and roll it into a large NNN commercial property, has the challenge of timing, as its hard to sell 12 properties at one ...
Hi Everyone!Please help me figure this out. When you sell real estate. Is there a way to avoid paying taxes?