Hi All,My wife and I just began our real estate investing journey and we're pleased to say we just flipped our first home. We know nothing about the taxes side of things and were hoping to connect with a CPA that is a...
I sold a SFH last month and used a 1031. I'm now using those funds to purchase an 8-Plex. I will use my 1031 to fund the deal. My question is, if I bring a partner in (my brother) to split the DP, will this transactio...
Hi,I acquired a rental on cash for $100k few years ago and it has tenants.The property is worth 200k. so my gain is 100k.What is best option I have to defer any tax gain.1- Buy another project for flip using 1031 and ...
Hypothesis:Party 1 owns an investment property and would like to sell and purchase a like-kind property. Party 2 also owns an investment property and would like to purchase a like-kind property. Both parties would lik...
I came across a video where a lady broke down how to pay down a mortgage using HELOC her method seems doable not sure if I can post the video here if I can let me know and I will share it..My question Is it worth do...
Investment Info:
Townhouse buy & hold investment in Mount Holly.
Purchase price: $120,000
Cash invested: $15,000
Sale price: $159,000
I bought this property because it was one of the few in t...
I'm considering getting my REL in Florida, but not really to become a full-time agent. Rather, I'm interested in real estate investing, but know very little (BP is helping though!) and figured that a REL would:1. Help...
Hi Everyone,Does anyone know if you still get taxed on capital gains if you do a 1031 exchange and you only put some of your sale profit into a new property?For example - you make a total profit of $545,000 before cap...
When does it make sense to NOT complete a 1031 exchange?I have acquired a vacation-esque property in an exclusive gated neighborhood. I plan to sell this home. I expect to walk away with 400-500K but my investment st...
Here is a hypothetical question hoping that someone can answer.
Say I have two properties (A and B) with both properties having separate mortgages.
Can I sell property A and use a 1031 exchange to pay down the mortg...