I have a house in Irving Texas. I owe about $160,000.00. Zillow has its value at $303,000.00.I know I can't rely solely on Zillow, but I feel it gives me a range (+ or -).My question may is would it be possible to do ...
We are in the process of selling commercial property that we own in NJ. Unfortunately, I think we may have made a mistake in selling it. But it's too late now. We are going to do a 1031 exchange. We need advice on the...
Hello!My question is simple to me but the answer im not so sure of. If i sell a home and net $250,000...would i be able to use that as 25% "downpayment" on another like kind property? I am investigating properties i s...
I have recently rehabbed a Property. I Purchased the property under my personal name. It is now on the market so I would like to sell it and do a 1031 exchange under my LLC name. Can this be done? Any suggestions woul...
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...
Hi All.How do you typically handle responding back to other investors asking for your contact information via email that you have never met or know of? I don't like to give out my information unless I've met someone i...
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...