A situation arose with a 1031 exchange I am in the middle of in Denver, CO. Here is the timeline. 1031 started Jan. 2nd. Identified a property and closed Feb 26th. Gave the existing tenant 29 days to vacate the proper...
Hi everyone. New member here. Im thinking about getting my real estate license in North Carolina and I am starting to study. I think I would like to work with investors and have a question about 1031. How would one st...
I purchased a house in 2010 and sold it for a large gain with a 1031 Exchange last year. The exchange was done on 4/5/19 for a large lot which cost a total of $270K. The large lot was subdivided into 3 smaller lots,...
When you do a 1031 exchange does the intermediary ONLY hold your gains on a property or the FULL sale amount?
For example you buy something for 100k. You sell for 150K. Is only the GAIN (50k) held or the full amoun...
Is there anybody in the DFW, Texas area that has done a 1031 exchange. I am about to sell my only rental property, but I am going to buy another one. I owe about $60,000 and I am selling for $90,000. I would hate to g...
I was wondering if this is possible.
Wholesale a house and 1031 the profits (tax free) into an existing property. The property would have been owned for way more than 180 days, maybe several years.
If its not possi...
Hey Team! I'm currently in the process of a refi/cash out to pay off a few properties, however, will have some cash leftover and will like to pay off a piece of land. Does 1031 exchange apply to land/lots?
so I want to do my first 1031 exchange. I have a 2 bedroom SFH that I have paid off and is worth between 92-105k. It is only making me about $625 a month after taxes and insurance. So it's a very low performing invest...
Hi all, I've looked around the site a lot, but I'm new to posting. I have a few single family homes in the Chicago suburbs, and I have a question regarding a 1031 exchange.
I bought my first property for all...
I am trying to figure out the logistics for a possible 1031 exchange in the future on a rental house I bought in 2002.I may buy a new house and that would be one of the reasons for doing a reverse exchange. I don't th...