Hello experts,This is my first time selling a property and need some guidance. Appreciate any help/pointers. I have a town home (Tampa) which I want to sell and do 1031 exchange to buy an STR.Need help with following:...
Do we pay NIIT taxes at the time of sale if we're an investor who used a property management company (or didn't use one)? Anyone know the tax code for this?
I own approximately 100 SFH Rentals in Alabama through multiple LLCs. Unfortunately, I have had numerous issues with Jefferson County (Birmingham) either a) Misappropriating my Property Tax Checks, or b) Failing to ca...
HiTo meet IRS requirements for a Real Estate Professional would the management of 5 different Property Managers qualify?
Hello BP, I own 4 rental condos in a single member LLC and I’m interested in selling all the properties to an investor and 1031 exchanging the gain into a building I have under contract (to be held in a new LLC where ...
First post here. I currently own a property in a historic district and was planning on selling the HTC's to pay for renovations. I personally have no expertise with CRE, however I do have partners who were to handle t...
Suppose I own a single-family rental property and the long-term (8 year) tenant vacates. I want to move into the property to complete extensive repairs/maintenance in anticipation of a sale. The intent would be to d...
I have bought 2 long term rental properties with my brother. I am on one loan and title, he is on the other. We have a separate contract stating we are 50/50 owners. Will we be able to 1031 exhange when we sell the pr...
Greetings;
My wife and are I undergoing a 1031 exchange for a property titled in her name.
We're both Hawaii residents and file jointly (a common law state). The relinquished property is in Oregon and the replacem...
Does anyone currently have a marketing strategy that they use to make this happen? I've been wanting to see if there is anyone out there that is coming up with deals in this way. For example: Tax payer owes 10k in Bac...