Amanda Glendenning
1031 Exchange Question
Scenario:Single-family home purchased for 49K. Rehab: 25kIf we sell for 95k and want to 1031 exchange does the next property have to be more than selling price or does it simply have to be more than original purchase...
Josh LaRose
When to Incorporate
Good morning BP community - my buddy owns a real estate investing business in my hometown, upstate NY. He started offering an Apprentice program this past summer which I joined. It consists right now of driving for do...
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
Hi,as far i was aware this whole time when you owner occupy your duplex one side and rent the other for 2yrs and you sell it within 5yr period there is no capitol gains tax. Is that statement true? I'm getting a lot o...
Michael B.
"Sell" property to spouse?
I'm wondering if there are any tax implications for "selling" a property to my spouse and want to verify if there is a certain order I need to do accomplish things in to make sure it goes smoothly.I have 20 rental pro...
Ricky Brown
Is a 1031 my next move?
I just wanted to get a general consensus on what my next move should be. I have a rental property (still financed as a primary residential) that is on the market for sale. From research, I see that 1031 is a way to de...
Riley Jordan
1031 Purchases & Possible Works Arounds
Recently, I purchased a couple properties in Idaho Falls, ID using 1031 funds and I am planning to short term rent those units. I have more money that I need to spend to avoid capital gains taxes and would like to pu...
Daryl Demz
1031 Exchange - Capital Gains Question
Situation;I have a rental property bought in March of 2012 for the amount of $220K.(Initially used as Primary Residence until Oct of 2017)Before moving out, In January of 2017, I did a cash-out refinance, and the new ...
Thomas A. Rufo
Short Term vs Long Term
Hello Everyone,
This is my first post on the forum. My wife and I currently own two identical condos (3 bedroom/2 bath) in the same community. We were married over a year ago and I moved into her condo and we put t...
Devin Keener
How does the $150k AGI rule work for real estate tax deductions against w-2 income?
I'm new to real estate investing and own one rental and a primary residence. I recently found out about the separation between passive and active incomes and that there are rules about crossing the line on how you can...
Susan O.
1031 Exchange for Joint Tenants
If you are holding a property as Joint tenants. Can three owners sell their current property and 1031 exchange it as Joint Tenants into another property.Do we need to change title to Tenants in Common or anything lik...