Hello all, I purchased a duplex in October last year using an FHA loan. I want to move out but I understand FHA loans have a one year owner occupancy requirement. I was wondering if it would be possible to qualify for...

Hi biggerpocketors,

Wondering if I can do a 1031 Exchange or SELL. My intent was to rent it but...

Here are the numbers:

SFR
Price: $72K Cash purchase
Date: Aug 11th 2017
Rehab: $40K

New Appraised Price: $227K

...

What amount is considered income on house flipping for tax purposes?I purchased a home for cash-no mortgage for 25k put 25k in repairs in and sold for 79k, net 71k. How can I defer or decrease the taxation on income. ...

Hey guys I need some quick advice and I am getting deflective answers from my CPA. Here goes:I sold my rental property earlier in the year and performed a 1031 exchange. I bought a new rental property months later, ho...

Earlier this year my wife's uncle unexpectedly passed away. Her remaining Aunts and Uncle were handling the estate.  They were much older than the deceased Uncle and were struggling with having to be at the house for...

My wife and I are in the process of building a new home that we originally planned on living in. I purchased a property 2.5 years ago with 1.34 acres, subdivided the land into 3 zones, and renovated and sold the exist...

After how long a 1031 exchange replacement property can be used as a owner occupied.

I have a vacation home at Lake Tahoe that I do not utilize often. I would like to sell and purchase another unit in the same area and was hoping I could do a 1031 exchange. Current property I do not rent due to the H...

Has anyone found a good 1031 Exchange company that they can recommend?  Solid track record, dependability, trustworthiness, reasonable fees, etc. thank you!

At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...