I'm looking to sell a single family in the smokies and wanting to do a 1031 exchange into a larger multi family. I'm wondering if this is even possible and if so can anyone give me insight if they have done this? Thanks
I've done one 1031 exchange about 20 years ago and used an intermediary. The whole process was completed within about 40 days including identification and closing. That's the very limited extent of my knowledge.What ...
Hi BP,Who are you using to finance your secondary home purchases ? 10% Down financing options that are not lending based on the borrower, but based on the asset? Would greatly appreciate any suggestions as I"m doing a...
To make a long story short, a friend of mine's family has received interest in their farmland from developers. If they are to sell the land, they would come into some money that they had previously not had access to. ...
My business partner and I are under contract for a multifamily property. He is putting his half of the downpayment from funds from a 1031 exchange. He was told by the 1031 agent that we cannot form an LLC for the firs...
Hey BP people!Question about options on splitting debt and equity in a 1031 exchange when using it to purchase multiple nee assetsIf you take a property, 1031 exchange it into multiple properties lets say one property...
I’m new to rehabbing and wholesaling . I will be purchasing my first property and am looking to connect with someone from that area that can provide some insight and knowledge on rehabbing/ wholesaling.
We have a family partnership that owns two rental properties (a Single Family House and a Duplex). It started out as a simple partnership in 1995 (Dad & Mom, #1 Son & Wife, #2 Son & Wife). After the unexpe...
Modeling a potential [transaction] scenario and would appreciate feedback/insights on legal and/or tax implications as well as whether each of the options for the overall transaction makes sense ...Property 1 is value...
I all I would appreciate any advice from folks that have a background.My 1031 Intermediary told me to speak with a CPA and the CPA told me to speak to a tax lawyer.... I have been part of an LLC that has owned 2 adjac...