Clients just sold a property & are 1031 Exchanging to a new property. Both the husband and wife were on the title, and the loan, of the relinquished property. They will both be on the title of the new property. ...
I have a wholesale deal that I would like to close with 1031 exchange funds.In the past the QI has wanted the closing docs and I am sue this one will be the same.Does the wholesalers fees or funds give any problem to ...
Hi there,I'm looking for recommendations for a 1031 exchangor you've worked with. I'd like to talk to him/her about going from a SFR in Round Rock to a multi-unit in Austin.Thanks!Nitin
Hello! My family has owned a few rental properties for about 6 years now. They paid all cash for each one (not sure if this is good or bad) but haven't moved on anything since 2017. I don't know if it was just a matte...
Thinking about how to best structure a 1031....Loan balance: $125K...... Est net sales price( after all closing cost ) $310KEst net proceeds: $185K.... This would be the amount to roll over into 1031 and put towards n...
Glad to be here. Eager to learn. Just started out. Picked up my first few properties in April. Looks like one is better for a flip and the other has an incredible upside with equity so we plan on holding that one.
Hello All, I am trying to understand how 'boot' is taxed in a 1031 exchange. I am looking at a potential purchase from a relative and they might be interested in doing a 1031 into a new property, and I am wanting to e...
Hi Everyone, for the past three months since I have graduated I have taken baby steps in learning how to become a Real Estate Investor (listening and reading BP podcasts/books & real estate podcasts in the Chicago...
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...
My name is Jeff Boardman, I am a 34 year old desk jockey with dreams of FI. I have recently decided to pursue my interest in real estate in the hopes of generating enough passive income to support myself and future f...