Hey guys, I'm getting ready to close (selling) my first flip in Dec. I'd like to roll the profits into the next one, but I've read that you can't roll flip profits to a 1031 exchange. Is that correct, if so, is there ...
I just entered into contract to sell my investment property that I purchased on June 2, 2015. The profit is in gross terms $240k, but with write offs, commissions and transfer taxes, I think I can reduce the capital ...
I lived in the house for 1.5 years, then rented it out for 3 years and lived in it again for about a year then rented out again but not a full year yet. Do I need to rent it out again for a full year before 1031 excha...
Hypothetical: Out-of-town owner has a 3-apartment rental house. Owner's in-town elderly parent requires care so owner moves into 1 of the units to care for the parent. Does this trigger a taxable event by violating th...
Hello BP, General question on 1031 exchange. I've read up on a lot of the details but I'd love a definitive answer to a unique case I'm working with. Purely investment property mixed retail/residential, bought in Octo...
I’m new to investing and have been studying and educating myself in whole sale. I am unsure how to get a contract of assignment and I’m unsure if it’s possible to 1031 a deal that I wholesaled into a rental.
I was wondering because of the "trader status" if you sell too much real estate if it's better to put the word Apartments or Rentals in the name instead of a generic nameLike Outback Apartments LLC instead of Just Out...
Can I 1031 Exchange an SFR rental property for an SFR primary residence? If not, are there any strategies to get around it?
Hello to the BP Universe. I have just started listening to the podcasts and have already learned a ton. I was wondering if anyone could help me out on my question. My wife and I have a single family rental home in Atl...
Could you flip a house and use the profits through a 1031 exchange to purchase a rental property?