Mike Bicho
Self directed and 1031 exchanged
Can you use 1031 exchange strategy with a self directed 401k?
Thanks,
Mike
Stanley She
Why the deferred gain is so much less than the recognized gain
I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...
Megan Elliott
1031 Exchange on a New Construction
Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction. I am assuming the house would need to be complete and closed on within the 180 days, but I figured I woul...
Justin C.
How to calming sellers tax fears
Good day BP, I have a seller who would like to sell his 2 small multifamily buildings but is nervous about the tax burden if selling both in same year. He has agreed to owner financing. Would owner financing spread ...
Daniel Patterson
1031 Exchanges & 1034
Hello everyone,Looking to learn a little bit more about 1031 exchanges and and 1034..First off, can both of these tax exemption strategies be utilized in tandem? Secondly, does the QI pay your taxes on the house? or d...
Ron Thomas
Splitting proceeds from a sale in a 1031 exchange?
Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...
Bryan Hancock
Working For Promotes Or Compensatory Shares To Reduce Taxes
We're doing some planning for next year for taxes and what is becoming increasingly clear is how stupid our tax system is. Projects we set up as syndications where we're contributing both labor and capital can be str...
Ricardo Diaz
Trying to pay less tax on money from llc
Hello. I think I’m in a tricky tax question and before I ask someone I wanted to get an insight from members. I refinanced an investment house into a two partner llc which I am one member. We received money and sits i...
Kelvin Law
Sell or Rent
Two family house
Purchase Price: $880,000
Intend to sell for $1,380,000
Current information:
1 FL rent: $2600
2 FL rent $2300
Mortgage payment: about $3000/month (inc the property tax)
Utility: appx $1800/ y...
Ricky Brown
Is a 1031 my next move?
I just wanted to get a general consensus on what my next move should be. I have a rental property (still financed as a primary residential) that is on the market for sale. From research, I see that 1031 is a way to de...