Property A (investment) is under contract for sale and has no LLC. Everything is under husband and wife's name. Does replacement property have to also be under husband and wife's name for it be considered a 1031? We ...
Does anyone know if I do a 1031 exchange selling a rental property and buying another one, then move into the other property after renting it out for a period of time and make it my primary residence what happens when...
Hey BP Family, I have a few questions regarding 1031 exchange/exit strategy. Hopefully someone can provide some helpful advice to me. Thanks in advance!Overview: Purchased a duplex with FHA 203K Loan in Feb 2022 (loca...
1031 Exchange: A Strategy to Defer Tax on Real Estate Gains
A 1031 Exchange allows real estate investors to defer the capital gains tax due when selling a property by reinvesting the proceeds into a “like-kind” prope...
Good morning BP,
I am curious about 1031 Exchange and have a couple of questions.
How did you start using 1031? What are the benefits? Are there rules associated with 1031 or any specific guidelines that need to be...
Can someone take the time to help me understand the 1031 tax exchange? Thank you ahead of time!
Anyone use 1031 providers from the internet ? Or you use a regular some local service ?
How long do you have to hold on to capital before you have to deploy it into the next deal?
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 ...
Hi All,I have two separate lots which I plan on selling in a bundle for around 100k. My question is can i use a 1031 to buy a single lot which will be around the same price as the two outgoing lots?