Doris Jin Huang
Can you 1031 exchange a Co-op apartment in New York
We have a Co-op apartment that used to be our primary residence but now being kept as a rental. We are debating whether to sell it now to take advantage of the 2-out-of-5-year rule on capital gain tax exclusion, or to...
Nick Murray
Kentucky to Tennessee Rental Exchange
I am selling a rental home that I own 50% of in Northern Kentucky (just south of Cincinnati). I want to execute a 1031 exchange for a rental home in Chattanooga. I have read about them online, but am looking for parti...
Tony Gallina
Can you help me develop some Exit Stratagies?
Hey Folks,Can you help me develop some exit strategies from house-hacking a fourplex?My long term strategy is developing cash flow to supplant my wife and I's current income.No specific property in mind yet....We are ...
Nick McMahan
Purchase using 1031 and personal funds
I am considering selling a property that will have about a 60k gain and using a 1031 exchange to purchase another property for 110k. I will use personal funds from a Helock for the remaining 50k of the purchase plus ...
Lin Gowan
Where to buy now
Hey guysWe do have rentals and we are rehabbing one to sell. So my question is where should we put that money now from the sale?We were looking at possibly trying our luck and flipping land near where we currently liv...
Jeff Arndt
Restarting My Business
Looking for guidance on where to go to next. I currently own two rentals that if I were to sell, would net me about 50k in my pocket to use as working capital on another project. The problem is they both cash flow p...
Eda Tekeoglu
1031 Exchange - First time Real Estate Seller (NJ)
I'm going to be selling my first investment property in New Jersey. I was thinking of doing 1031 exchange, but I wanted to learn what the cons are of doing a 1031 exchange besides the deadlines to identify and close o...
Ramiro Rodriguez
When do you pay the taxes if you 1031 and end up paying off the mortgage?
I am considering a 1031 Exchange when we decide to "move up" in home in the future. If we 1031 Exchange and end up staying in the home a paying off the mortgage are the deferred taxes due the day you pay off the prope...
BJ Everson
How to Pitch a Seller on Providing Seller Financing
Does anyone on BP have a good "pitch" or list of reasons why to convince an older seller to consider providing seller financing? Not to talk a seller into it, but a quality list of benefits to them if they were to pro...
Tricia Plank
Can you use different names on the titles using a 1031
Can I use a 1031 exchange to sell property in "my name", put the funds with a QI who then purchases new property in the name of an LLC I form with someone else? I believe the answer is no because there would be differ...