We are selling a property 2/1/21 for a 70,000 profit. We have under contract several purchases 12/31/20. Can we qualify for a reverse 1031 exchange? We are in New Jersey. What do we have to do?Thanks and merry Chri...
Greetings, My brothers and I inherited an 8 unit complex in CA. We area all on the title individually and not in a formal partnership agreement. It is appraised at 2 million our cost basis is 1.5 million. Lets say ...
I have a property that I've owned for a few years that I'm looking to 1031 exchange to something closer, and possibly better overall. meanwhile, I have just purchased a duplex which I originally planned to BRRRR. the ...
In certain circumstances, an investor doesn't want to be a landlord anymore, maybe they can't find replacement property or maybe they don't want to deal with any of the issues associated with being a landlord. I was ...
Hi, I have a property A (rental) and property B (primary residence). I am planning to buy a new primary residence C, rent out B, and sell A. However, selling A would mean paying taxes on capital gains. Is there a way ...
Hi Everyone,
I own an investment property that I am considering selling for around 200K (bought it for 150 4 years ago)
In the next 6 months I plan to also buy a primary residence first and after that two addition...
I'm interested in doing a 1031 exchange, but the answers I've found online have been murky for my specific question:
I want to 1031 exchange my investment property in Ohio for a primary residence in California. Is th...
Hi,
We are selling our properties and want to reinvest via a 1031 exchange. We are looking for deals that are more passive. Our properties are going fast so wanted to put out some feelers.
Thanks,
Konrad
If you own an investment property, and want to sell it to purchase another investment (and haven’t lived there for 24 of the last 60 months -i.e. ineligible to sell the property and avoid capital gains), is your only ...
Hello everyone! I need help with deep explanation as this will be my first property i will ever do an exchange on and will need some assistance.My question is if i have a property worth 140,000 can i exchange it for a...