Hi All,
Got an interesting situation and wanted to see how you all would handle it.
Bought a lake house in TN (near my hometown) for $250k. 50k. from our HELOC and then financed the other 200k. We were going to...
Does the income you get from rent need to be applied to your new property in a 1031 exchange? Or only profits from the sale of your old property
Getting ready to move on from an investment property and looking for some advice. Here are the particulars for my situation:Property includes a duplex (we live in one unit and rent the other), commercial building/res...
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...
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 someone take the time to help me understand the 1031 tax exchange? Thank you ahead of time!