Hi all, My dad owns a commercial building and is looking to purchase a beach house investment property. The commercial building is sold. Closing in a few weeks. I told him about doing a 1031 exchange. The commercial b...
Question..I have owned a house for 13 years. Lived in it for 4 years, my disabled father lived in it for last 9 years.I used funds from my 401k to purchase the 'replacement house' for my father.Selling the old house a...
I did a 1031 exchange a couple years ago. It was simple and seamless. I’m thinking about selling the property I bought with it for zero profit. If I sell this house breaking even (due to all the maintenance expenses I...
When doing a 1031 exchange, does the newly purchased property have to be equal or greater value than the sold property? Or is it that just the profit from the first property must be all invested in acquiring the next...
I am aware of most of the common items of doing a 1031 exchange, but have a question concerning specifics. The question I have is: Can a 1031 exchange be done between family members or does it have to be an arms lengt...
I am working with a convenience store owner in NC who is planning to sell their store and relocate to New York. Are there any alternatives to the 1031 exchange he can utilize to prevent paying capital gains taxes?
I would like to sell a property we own for $175k and use the proceeds in a 1031 to buy a lot with an abandoned house, tear it down, and build two duplexes values at 375k together. Is this possible to do within a tradi...
Closing on a flip property that we’ve fixed and owned for about 4 months now. Potentially have an opportunity to buy a 6 unit apartment building well below market value. Can I roll over my profits from the flip into a...
Clients just sold a property & are 1031 Exchanging to a new property. Both the husband and wife were on the title, and the loan, of the relinquished property. They will both be on the title of the new property. ...
With the 1031 exchange Do you run numbers as usual on “like kind” properties and then present them to a lender?How would that work being that I wouldn’t need the purchase and renovation cost to be covered completely b...