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Results (10000)
Tommy Johnson Can I do a 1031 on a fix and flip?
21 April 2019 | 13 replies

So I guess I misinterpreted a 1031 exchange.  I purchased a property Jan 2019, a few months ago.  I fixed it up and it sold this month, and is set to close May 2nd.  I contacted an exchange company and they told me th...

Account Closed SubTo in a Land Trust – Can You Get Sued?
26 November 2023 | 1 reply

If I put my SubTo in a Land Trust, I can’t get sued and the bank can’t call the Due on Sale clause, right?
Very, very wrong.
There are several reasons you might get sued using SubTo, one is because you missed paymen...

John K. Deal structure on flip
19 December 2016 | 1 reply

hello all,I have been reading bigger pockets for many years but this will be my first post. Thank you in advance for your help/advice!Background of deal:A local business man that doesn't have much time has purchased a...

David Fritch How ironclad is a letter of intent?
16 April 2017 | 51 replies

There is a mobile home park I've wanted to look into for several months. I stopped by and talked with the owner today. I had done business with her years ago and she is friendly. When I asked, she said that she had si...

Ross Trampler 1031 exchange in Austin, TX
12 October 2017 | 5 replies

Hey all. My partner and I have a single family property under contract in Austin, TX. Our plan is to rehab and flip, then roll the profits into a 1031 to use on the next property and avoid capital gains tax for now. I...

Pearce G. Can I buy a 1031 property BEFORE I sell the other property?
22 January 2017 | 9 replies

I have a parcel that has a house plus some adjacent vacant land that I have owned less than a year.  I subdivided and now have separate offers on the house and on the residual vacant land.  The sale of the vacant land...

Jason Hutcheson 1031 Exchange Question - Flip/Rehab
5 January 2022 | 2 replies

Hi folks!  I am new to the forum and have a few questions on 1031 exchanges.  I have read quite a bit of information in the forums here which has been great but wanted to make sure I am clear on the requirements.I hav...

Michael Wolffs Condo development and 1031 exchange
29 August 2017 | 10 replies

I have bought and am renovating a 3 unit building.  I'm now going over my options to get my money out of this building.  My choice are rent and hold, sell a single unit, or convert the units to condos and sell them in...

Terri Dyer Will property qualify for 1031 exchange and can I take some $ out
28 April 2018 | 5 replies

We bought a property in January with cash.  We were planning on renting it and had a couple tenants fall through.  Now spring has rolled around and we saw what local houses were selling for and decided since we didn't...

Ziad Almufti TAX PRO Q: Ordinary income vs. Cap Gains or 1031
8 July 2022 | 5 replies

Hey all, I own a boutique glamping hotel.  We bought the land in an LLC 18 months ago and immediately began construction.  We opened doors to guests just 4 months ago.  Our intent going into it was to hold long term. ...