I sold a rental yesterday for a solid profit. Though the purchase price was miniscule, it means I sold it well over 3X my purchase and rehab costs. I rented it for four years to one family and the sold it. I bought in...
I am doing a reverse 1031 exchange. I have already purchased the replacement property, and it is in the name of the qualified intermediary. Purchase price was 105k. It has a private mortgage on it of 100k. Mortgage i...
Hi All,I am thinking to sell my old property. For example if my property sells for 300k I have to pay 6% to realtor which leaves me at 282k. Out of 282k how much taxes I have to pay right away and how much taxes I ha...
Hi all - I live in LA, but I have a condo in Seattle that I've been renting for a number of years (I have good equity in it but the rent only covers the remaining mortgage, HOA and property management) I'm thinking of...
I'm planning to sell a single family rental (5 yrs now) in CA and do 1031 exchange.- At what point do I need to make the election to do 1031 exchange? How much time prior to sell?- As I understand, part of the sale pr...
Does an offer satisfy the identification requirement for the 45 day timeline?What if the offer was not accepted and the property goes back on the market? If a second attempt was made after the 45 day timeline, would i...
I am in contact with someone I met through Facebook. He says he has Cash buyers in (State), and is will to work under JV. Would it be possible to share my properties that I have under contract to him without him swoop...
Hello all ,Just joined BP... am really interested in learning about 1031 Exchanges and details and nuances pertaining to their presence in the NYC/greater NYC market.Thanks!-Ben
I’m sure this subject has been covered here many times. 1st I have Just sold a single family rental last week and closed on it. Is it to late to do a 1031 exchange on this property? I am also about to sell another ren...
looking for best qualified intermediary for 1031 exchangeproperty Location: Chicago, IL 60618 two flat potential replacement property Location: Park Ridge, IL 60068 SFH for rental