I'm somewhat familiar with the tax advantages of a 1031 exchange. It's awesome that the government put this act into effect but I do have some questions about the full process. My current understanding: in order to av...
Client Sells a property (which was owned by his LLC #1). LLC #1 then takes the proceeds and distributes it to LLC#2 which is fully owned by LLC#1. LLC#2 uses the funds to purchase a property a complete the 1031 ex...
Yikes. This is my first post on BP tho I've been lurking about for a few weeks. Here's the quick rundown: My husband and I live in Nashville, TN. We also own a rental house in Ann Arbor, MI (the house we lived in for ...
There's the potential of having a relatively large capital gains tax through my crypto investing as I take profits this year, which is taxed the same as stock. I'm curious if there's the potential to instead use the m...
Hey BPers,
I am designing a strategy for tax-deferred savings that builds current cashflow and could essentially function as an alternative retirement or FIRE strategy.
So...here's the strat in a nutshell:
1. Form ...
I’m selling a single family home to my tenants and want to use he profit to buy my first duplex. How can I use a 1031 exchange to avoid paying taxes. Is this something I have to hire an attorney for? Also, does all th...
Hi all,If you have all these ingredients:-Excellent Credit-Solid/Stable income-Cash for investing-3-yrs exp. Managing my own propertiesWhat would be the best way to leverage them? This is a questions for Pros and begi...
Hello BP,I'm considering selling one of my properties in a 1031 exchange. What I'm looking to possibly do is on the sale keep some money in the property I am selling to retain say 5% ownership likely structured in an...
I'm looking to sell a rental property which has not been a primary residence in the last five years and trying to figure out what is the best next step. Should we 1031 exchange and keep growing the RE? When is it wo...
I own a Single Family Home in Fort Worth, TX and plan on selling it in October. I will get a decent amount of money out of it and I want to move forward with acquiring 2 properties as STRs once I complete the sale (si...