Hi, looking at doing a 1031 exchange; property being sold will net $545k; capital gain will be around $150k and I will end up with around $320k in cash. Let's say I find one replacement property for $320k that I buy ...
I recently purchased a single family with the intent of fixing it up and renting it. As I finished the rehab, I received an attractive offer from a friend who wanted to buy the property. I agreed to sell it and will b...
Hi guys, I recently purchased a SFH in Northern NJ for a flip and I am looking for a a good 1031 exchange broker to work with on the resale. If investors have had a positive experience in Northern NJ, kindly connect ...
Hello guys I’m going to keep this really short! I’ve been doing some research on the 1031 exchange and I’ve learned just how beneficial it can be for investors and growing wealth. With that said should I be worried wi...
Hello,I have a client who is in the process of purchasing an investment property all cash. Problem is the closing date is here and now my buyer has an issue with their bank account. My client also has a closing sche...
Can anyone recommend a reputable 1031 Exchange Company?
We are currently in the middle of our first flip. Purchase price 68K and will invest about 30K for rehab and the ARV will be around 140-150K (3Bed 1.5 bath). I took a mortgage out on a paid for rental property to fin...
Folks,I purchased a cashflow property in a partnership back in 2010 which has performed pretty well (11 cap at purchase and 75% appreciation since purchase).My partner now wants out (I would prefer to let it ride). I...
I recently closed on my first SFH rental with tenants moving in. I also own a 156 acre ranch that I’ve rehabbed the house and I’m thinking about selling.
If I sell that, is it just the profits that are subject to be...
Hello Everyone, I am looking for some general information on 1031 Exchanges. I have read the guidelines on the IRS website, but wanted to confirm some information. Lets say for example I own a property worth 250K, but...