Hello all, I have about 3 weeks to nominate a replacement property for my 1031 exchange and am looking for a CPA who can answer questions regarding the tax liability when the replacement period straddles tax years lik...
Earlier this year, the IRS issued guidance extending the time periods for individuals currently in a 1031 Exchange due to the Coronavirus pandemic. IRS Notice 2020-23 provides that those performing time-sensitive acti...
Hey bigger pockets, so just accepted an offer on my quad plex, getting a decent amount out of it so long as the house appraises for the loan. I want to 1031 the proceeds into an 8 or 10 unit building. Is this possible...
Can I use my 1031 exchange money to invest in several other properties as long as the total amount I invest equals the net amount I exchanged? In other words, can I buy more than one property with the exchange money?
I’m about to close on my first flip. I want to take about half of the proceeds and reinvest it in a new property. The turnaround should be quick. Can I put half the proceeds in a protected 1031? Or does it have to be ...
Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We we...
I am starting to get into some of the fine print in the 1031 exchange and I have a question.
Everything I've read regarding the qualifications of a 1031 talks about reinvesting the "profits" of the transaction. I u...
I have a colleague at work who owns 4 rental properties, I know at least 2 of them are located in Illinois. Illinois being the glamorous, tax happy state that it is...I have some questions. Well one mainly. What is th...
I think I may have dodged a bullet here. So I decided to continue the application with a lender I was referred to on the meet up app for an REI group. We exchanged a few emails, but nothing personally identifiable inf...
Other than than LoopNet, Zillow, Crexi, Realty Exchange,MLS ,and the other mainstream websites what are the best websites that can be used to search for small multifamily properties 5-30 units ? This can be nationwid...