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I have already started a 1031 exchange to sell my property and have accept a cash offer for same. Closing is on 4/7/2022 but two lenders are telling me that my DTI is over 50%. My fear now is to close and will not be...
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Hello. I am trying to do my first 1031 exchange and I my question centers around the type of loan product I am trying to use. I would like to purchase this property as a vacation home but use as an Airbnb for maybe al...
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Hello, I've sold my 1st rental, a SF home, and made a nice profit. I have sold before. What steps do I need to take if I want to do a IRS 1031 return? I have no home lined up to purchase. I want to build MF homes. If...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Phoenix.
Purchase price: $355,000
Cash invested: $195,000
Bought this as part of a 1031 exchange, under rented @ $2650 a m...
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I have owned one of my properties for almost 2 years. It has been rented for about 6 months. The tenants are asking to purchase the property.I would like to do a 1031 but I am not sure if this property would qualify. ...
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Need advice! I am contemplating 1031 exchange in a paid off vacation rental roughly $650,000+ profit. Any ideas on the taxes I would pay if I chose to not 1031? My cpa is saying 32% roughly in taxes but IRS says 15-20...
Hi, I am new to Real Estate Investing. I was hoping to get some input on the logistics of the BRRR strategy. My parents own a home currently worth around $90,000 to $100,000. They have about $2,000 left to pay off. Th...
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I am currently working in development of raw land. In short, we by a large piece of land, make improvements, split it into smaller tracks and sell them. At one time I was told that even if I hold this property for o...
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Hi I'm looking at selling 4 rental property (houses) and move that money to put down on a apartment complex. So my question is can you only do a 1031, house to house ?
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Hi, I’m in the process of selling a rental property and may want to take the proceeds and do a 1031 exchange. Any recommendations of companies to use? Will they all charge basically the same amount? Any ideas what ...