Sheba Shimoji
What are the 1031 exchange procedures ?
I'm about to put a house (flip took longer than a year) on a market. I signed a contract for different real estate unites (a group of 14 small houses for rentals) closing in September. Can I sill use 1031 exchange? If...
David D'Ambrosio
Cash out Refi of 1031 exchange
Lets say you use 100K of capital gain to buy a 100K rental property using a 1031 exchange. Can you shortly thereafter do a cash out refi, take that 80K in cash without owing tax on it? I may be in a situation soon ...
Lee Schram
Will this void the 1031 exchange??
On a 1031 exchange when an LLC owns the property and one member of the group wants a return of profit and capital, will that void the 1031 exchange tax rules if the member is paid at closing and the proceeds do not go...
Mimi Phan
Quitclaim After Converting From 1031 Exchange
Hello everyone,
I have a question that I hope to get some help with from the BP community. My fiancé has a condo under his name, which he currently occupies as his primary residence. He also has another condo in a se...
Ingrid J.
MHP Seller financing & 1031 exchange.
Hello,I am looking into seller financing for purchasing a mobile home park, and I have a question I can't find the answer to.What happens if I buy a mobile home park from a seller through seller financing. Let's say I...
Account Closed
RE loan in exchange for mentorship
Hey BP! I'd love some advice on considerations around providing a loan to a RE investor in exchange for mentorship. I'm already pretty set on going this route, but am unsure of how to present the opportunity and struc...
Erica Chung
1031 Exchange "the like-kind rule"
I have a single family unit home that is going to be sold for $1.2M.I want to do a 1031 Exchange, but confused what my next property purchase needs to be. Single, multi, commerical..The new property I want to exchange...
Kyle Shankin
"Learned" something odd about 1031 exchanges
I'm hoping someone who's done a 1031 exchange before, or a CPA, can swoop in and drop some knowledge on me. I was over at my CPA's getting my taxes done and talking strategy for this year when the idea of a 1031 excha...
Kay March
Delaware Statutory Trust for 1031 Exchange
There are companies who offer Delaware Statutory Trust investments for 1031 exchanges. Has anyone had a good experience with any of these companies? Has anyone found that these trusts have overpaid for their properties?
Will F.
1031 Exchange TIC 50-50 splitting
HelloI was wondering if anyone knows about splitting TIC partnership interests during a sale? only one partner in the TIC 1031 exchanges their portion, while the other partner wishes to take profits on their portion....