I am new to 1031 exchanges. Are the proceeds that are required to be held in a trust after the property is sold equal the sale price less the existing mortgage balance? Or is only capital gain required to be held i...
Hello all!I'm asking a question for my father, who is 70, and lives in SC. He owned a house in FL that used to be his primary residence, but he rented it out for last 10 years. While he rented the house out in FL, he ...
Question for the BP community,
A family member of mine recently sold a condo in Florida that they've owned for 2+ yrs and purchased another condo within a 2 week timeframe that was larger in size and more expens...
If my self-directed ira contributes 45% cash to buy a 3 unit property, and i contribute 20% cash, plus a mortgage in my name for my remaining 35%(title states IRA 45% undivided interest, me 55% undivided interest), ...
Hi BPer's!!I'm thinking about doing a reverse 1031 exchange, since we have a little cash saved, and we have an investment property that will probably sell very quickly in this market. My question is at what point do ...
Can you do a Cash-Out Refinance before you sell a property through a 1031 Exchange? Is there any tax implications? Any info is helpful. Thanks BP community.
Anyone have a great idea for a 1031 exchange option in the next 45 days? I need something 195k -250k and prefer it to be managed. Trying to diversify from 7 sf rentals. I will probably end up in a DST but not crazy...
I'm selling a SF home to buy a commercial space for my office and would like to do a 1031 exchange. What if the deal on the property I nominate in the 45 day period falls through, and I purchase another property that ...
just flipped my first homr and neted about 30k
if i now use this money to conver my current home to 2 family. would that work as 1031 exchange ?
I just sold a property and have the funds with an intermediary. The title of the property was under my personal name. If I purchase the exchanged property under a LLC, which I'm the sole owner of, will that cause an...