I've been happy with the service of the 1031 exchange intermediary I've used in the past. I recently contacted them about doing another simple 1 to 1 exchange and the fee is about $1,000.Now I see there are companies ...
Hi All, I am interested in a property that I do not have enough money for a down payment for but it cash flows nicely. The seller wants to 1031 exchange this property with a different one but I was wondering if seller...
I'm familiar with the concept of exchanging a property for one of greater value to delay taxes. But, how exactly does the process work? And who is involved in the exchange?
The owner of this particular property is in Federal prison. His wife is still alive, but not on the deed, and is communicating on his behalf. Is it easier to have her obtain POA to complete this sale or continue havin...
Hi , does anyone has good 1031 exchange company for recomendation , preferable located in New York City.
Thank you
i don't see anywhere in the IRS code that states that the QI needs to be anyone in particular. It just can NOT be a relative, or your accountant, realtor, etc.I was just quoted a $1200 price for a 1031 exchange prof...
Is this possible?
Sale 7 properties (some with liens/ some without) to the same person at the same time.
Place all left over proceeds with the proper 1031 agent ( closing attorney).
Use all the left-over proceeds...
I am a newbie and would love advice on this deal. I am looking to purchase a Quadraplex in Albany, Georgia.
Asking price $249k and all units are rented with the total rent at 2320. The plan is to increase rent from 5...
I believe I will be initiating a 1031 Exchange on behalf of my client soon (offer is submitted on Upleg), and I wanted to get some clarification on two questions:
QUESTION ONE:
She is low on cash for reserves in her...
I am trying to learn more about the regulations of a 1031 exchange. The way I understand it is that you must find a property to purchase that is of equal or more value. What I am unsure of, is does that have to be one...