I sold a rental for $430,000 and deducting commission , closing help and transfer taxes were about $30k So, I am at $400,000 after deducting expenses of the sale.
Question 1- Do I need to buy $400k in total replac...
For the most part, I think I understand the basic idea of a 1031 Exchange. Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" ...
I’ve entered into an LOI to sell owner occupied commercial real estate (special land use permitted cannabis property) that I’ve held for about 18 months. The sale will create a sizeable gain that I intend to 1031 to a...
For those interested, here are some of the poll results from a December Inman Special Report regarding online leads...In this report* published by Inman, it was revealed that online leads continue to drive business st...
Hello all,Im a brand new investor. Looking to get started in rental properties. Single family homes or duplexes. Looking forward to learning and sharing with the community.
I'll try to keep this as short as possible as I could go on for days and days.I'm a unit owner that was not happy with the former board so I ran for the position and was voted on as treasurer. I am a Financial Analyst...
Well, I guess I'm not surprised since this is my first one and the market is HOT.
My 45 day period expires tomorrow and I doubt I'll ID a suitable replacement on the open market. Options anybody?
@Dave Foster - oth...
Hello, I'm new here and have one burning question I have not yet found the answer to. My husband and I are looking to sell an investment property and buy another one w/ the proceeds. I understand that the new property...
Hi everyone,I am wondering if there are guidelines for writing off Rental Property investment related expenses on taxes which were incurred before acquiring a rental property. I am looking to buy my first rental prope...
Hello,If I have two downlegs that are closing at different times and I am 1031ing both into one upleg, how does the 45-day/180-day timeline work? Are they both on their own timeline/overlap? Is it strictly based on th...