I’m about to sell one of my properties and want to defer the taxes by doing a 1031 exchange. Are there any recommendations for who to use for the 1031 exchange? It’s my understanding I need a qualified intermediary. I...
Good evening BP,Has anybody used or know of a turnkey co. that provides a one stop shop for a 1031 exchange for a turnkey property?I figured things would be smoother if one company handled the whole process. Any thoug...
I am doing a 1031 exchange. I would like to know whether I can use some of the proceeds (tax free, or more accurately deferred taxes) of the property I am selling to buy furniture, new kitchen of the new property that...
I'm going to be listing my SFR properties soon and am looking to do 1031's. Does anyone know of a 1031 agent in the area that they can recommend? Preferably one you've done a transaction with before. I appreciate any ...
I am in the process of selling an older, somewhat run down Victorian-style house. I, of course, want to make the most that I can off the sale and while I am eager to invest in more properties, the town in which I live...
Hello BP family. I have two questions as I embark upon my first 1031 exchange and I need your help. Here are my three questions...
1. Can I do a 1031 exchange to close on a property that I currently have under a sell...
I’m looking to find a like-kind multifamily property in the $300-$375k range. What are the best markets for cash flow??? I’m currently looking in Cleveland, columbus, STL, and detroit. Also need a reputable mediator!
I have owned a property for about 4 years. It is not my primary residence and have used it as a vacation property. It's located in FL and the market price for the house is estimated to be $150-175k over what I paid ...
Lets say you use 100K of capital gain to buy a 100K rental property using a 1031 exchange. Can you shortly thereafter do a cash out refi, take that 80K in cash without owing tax on it? I may be in a situation soon ...
I currently own two houses. First house is going to be on the market for sale next week. I bought it in 2005 for 273K and I am listing it for 600K. I rented it out for 4 years (2017-2021) and depreciated it during tha...