Hello, I purchased a distressed house with the intention of fixing it up. I've received some good offers on it before it's finished and am planning on selling. I purchased it in November of 2020. If I sell in Janua...
Hello, I have 53 units so I'm not a rental newbee but I've never done a 1031. I'm looking at selling a SFH rental and replacing it with 1-3 Multi family properties. I have a good lead on a facilitator, actually my law...
I am selling my home (property A) this coming Wednesday (closing) and then doing a 1031. In the doc I signed, I believe I check the case of something like "deferred like property". There is a high chance the new prope...
I am selling my home and plan to do a 1031 exchange toward a foreclosed home. Is this transaction too difficult (time to get offer accepted in 45 days too challenging vs. a non-foreclosed home)?
Hello everyone,I have owned a property in Memphis for two years now which has been rented from day 1. 2 weeks ago I have decided to sell my property as my tenant's lease was expiring and I want to purchase another...
Hi, have a condo with enough equity to buy a single house or duplex as next investment. How do I go about? Do I contact the 1031 company?, real estate agent, or rehab first?I’m concern that I won’t have enough time t...
Can you purchase another rental property first then sell the other rental property later, but in the same year? Or does it have to be sell one then buy one?
I'm selling an investment property and want to know if the proceeds can be used towards a new build on an empty lot I already own. Does this type of procedure qualify for the capital gains exemption?
Hi Biggerpocket members. We saw are in the market to do a 1031 exchange. However the condo we own has a rule of 90 minimum notification to the HOA of intent to sale.We recently saw a property we want to exchange into...
Brand new to BP, please tell me if this is the wrong forum. I have a rental property that is out of town, a pain to maintenance and not worth the work. Not a ton of equity in it but enough to cash out. I wish we could...