I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
I have two properties with about 250K in equity between the two. One is a single family home where I live with my family and the other is a rental two family home. We are in Westchester County NY which tends to be on ...
Hi all, I just recently got an offer accepted on a duplex in Michigan. The property is 100% tenant occupied and I have reviewed the current lease agreements and payment history of both tenants. Are there any potentia...
Hello,
Can someone help me. I have 4 houses in Florida. One of them I want to sell and buy next house.
I want to do it as 1031 exchange and I have few questions can someone help me? Thanks so much!
My purchase pri...
I've decided I'm going to liquidate my holdings (SFH's) in an appreciating market. I should come away with $300K. Would love to get seasoned investors advice on what they would do with the cash. i.e. SFH's package?...
The tenant l am thinking of getting is in construction. I do need to change the flooring and I cannot afford that right now. It’s 3 k Sq feet house . The quotes and getting is anywhere from 5 to 10,000 from other c...
I am confused regarding the "greater or equal" aspect of the 1031 exchange. If I own a commercial property worth 1 million free and clear, can I 1031 exchange it to another commercial property worth 1 million but fina...
Another newbie question I thought of today on the way back from showing my first rental to the first prospective tenant. Now, I haven't even read their application yet, but he did mention he would have to give 30 d...
Looking to do my first 1031 exchange. I called one company and they charge $850 for exchange and purchase of one property. Is this a good price? I have no idea what the expected range is. Thanks,Alan
Signed a lease with an interested party two weeks ago for a SFH of mine. Agreed move-in date of 11/01/2008 was agreed upon and listed on lease agreement. Several days ago I called the tenant to see what time they wo...