I purchased a duplex in Minneapolis with a FHA loan June of 2015 that I owner-occupy. I've had an appraisal recently and have hit 80% LTV and since rates are still low I've been thinking about refinancing into a conv...
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Team, looking at doing another 1031 on 2 properties just purchased, renovated and leased-out. The IRS says I need to have 'intent to hold' property. What exactly does that mean? Is it more intent focused to lease and...
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Trying to understand options as it pertains to the sale of a current AirBnB rental. What are the implications of doing a 1031 for an new investment property that eventually doesn’t generate rental income? Is somebody...
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Hello
I am considering a short sale property (SFH) in the Magnolia area of Seattle (very desired location). The property is valued at $800,000 and is available at $680,000. It does not require more than $5000...
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I have read a lot about a 1031 talking about like properties. Well a flip and a rental are both investments but one would be a SFR and one would be a multi-unit rental. Is this possible?Thanks!
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Good morning.
We own a 4 unit we've just signed a purchase and sales agreement on to sell. is it too late to commit to a 1031 exchange? We want a condo in Florida and we're thinking that even though prices are high,...
My brother and I own an LLC that purchased a 40 unit rental property (10 buildings, each with 4 units). The area we own them in is rapidly growing and we have decided to convert them into condos. If we were to sell ...
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Hi Bigger Pockets Community!Hoping you can offer some advice: My husband and I partnered on a house with another couple to rehab it and rent it out.That was the intention, anyway. The guy from other couple abruptly lo...
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I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify. One thing I have read is that the title must mirror one another (sale and new...
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Hello my fellow BP'ers,
Quick question, I purchased two rental properties in November 2019 and I now have an opportunity to buy two more that are performing considerably better than the two I now own. I would like...