Michael Batshon
1031 turning into a primary residence
Hi there,I currently own a 1 bedroom condo in the bay area and i am renting it out. The condo is worth about 820k and i want to sell it to buy a single family house about 20 miles away. I paid 560k for the condo in 20...
John Novu
1031 exchange into a primary residence
I own a tri-plex in a lower rental area. Not get neighborhood and tenants.
Question is can I sell that property in a 1031 exchange for a primary residence.
I’d rather rent out my SFH I live in now. I would want to t...
Loga Siva
1031 exchange in less than a year
Hello BP Friends, Can we do a 1031 exchange on an investment property we bought 9 months ago? Is there a tax implication? What are the things we should be aware of when performing a 1031 exchange? Please educate.
Benjamin Math
Questions from a new guy
I have been poking around the wholesaling industry for a few months. Everyone I meet seems like they are either too busy to guide me through this or they don't really know what they are talking about. I have a few que...
Account Closed
Representing yourself as the buyer
Is this ethical or even legal? Will it go under fraud in the inducement? And doesnt this go against the 'complete tranparancy' rule https://www.youtube.com/watch?v=7AhXJ2UKUOo Has anyone ever lost a deal by telling th...
Maher Bateh
capital gains tax?
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
Alex Penalva
Basic question regarding 1031 in NJ.
Hi guys,
So I am new at investing, but I’ve been reading and listening to podcasts on the topics of rentals, and flipping.
This question is in regards to the 1031 exchange, can I use the 1031 to sell property in on...
Scott Weston
1031 Question (Existing Second Home Loan)
We recently purchased a home using a 2nd home loan (with intent to use a few weeks a year and rent the balance which is permitted).
We just got a really compelling offer to immediately sell the home. Curious if the ...
Peter Morgan
Converting 1031 exchange to primary possible?
Hello,I am considering doing a 1031 exchange on an investment property that I have and would like to know if there is a possibility to convert it into a primary at a later time? What would be the tax consequences. App...
John Peters
Can I Do This?
I am new here, a friend suggested I join this forum, I’m glad I found it, I’m sure I’ll be here often. I have a 1031 exchange question, can I do this? I own two adjacent properties, one is a 1031 exchange property (I...