My father wants to sell me his property for $1. It's a paid off 3 unit that I would like to 1031 exchange for something much larger and I'd like to pay him back.  He wants to avoid taxation of selling it and he wants ...

A few days after Christmas, a potential client called in hopes that I could help with his situation.  He shared the following circumstances.  I hope there is something I can do differently next time to help in the fut...

Hello All!Quick question, I was explaining the 1031 Exchange to one of my friends and he had some questions for me that I couldn't answer.  Please help!Is there a specific amount of time that one must own/hold a prope...

Hello BP,I have not done a 1031 Tax Exchange before though I have read about them and may have some info on them. But a client of mine sold his house and the buyer wants him to do a 1031 tax exchange amendment to the ...

Hey guys,I have a client here in Southern Florida who has just closed on their house 5 days ago. They received around 70k in profit, do they have to pay taxes on this amount or would this be a good situation to do a 1...

We are very novice investors. We turned a primary home into a rental 8 years ago because we wanted a bigger home and didn’t want to sell during a downturn in the market. We would now like to sell our rental and reinve...

Hi All - When selling a property with the intention of immediately buying another building via a 1031 exchange, can anyone recommend strategies for removing or at least lessening the risk of running out of time to mee...

I could not live or rent my apartment for 5 years due to mold issue caused by the building. Building finally resolved and remediated it this year and now i am selling the property. Can it still qualify for 1031 becaus...

I own a property with a partner 50/50 in an LLC. We are selling out of that home and would like to take our proceeds and buy 2 places separately. Has anyone ever heard of a drop and swap where 2 LLC's are created fr...

Starting my 1st 1031 exchange and contacted a local company that had posted on BP several times. Met with a representative and before I wire this company a large portion of my net worth I would like to see if anyone ...