I am planning to sell a rental property in a good area. The tenant is moving out by the end of May. I was contacted by a friend of the tenant for purchasing the house. He wanted to offer $250k as is conditions. Th...
Hi. I am in the middle of a 1031 exchange. I have a questions about mortgage boot. I will have $220k in mortgage boot because I can't get a new mortgage. I have $400k at the intermediary. And I am spending all of it o...
I’m looking to do a 1031 exchange in Florida..
On episode 250 Brandon was talking about a 1031 exchange and how you have 45 after the sale to find/buy another property so you don’t get taxed. My question is Cardone ...
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 everyone,I have been on BiggerPockets now for a couple months or so, so figured I would take the time to introduce myself. I am a newly licensed CPA and REALTOR in the Denver market excited to get started in real ...
I’m going to list one of my rentals for sale in about a month when the tenant moves out.I will probably net about 60K from the sale (after all transaction fees). My goal is to use about half of this net profit (30K) a...
So I’m looking for an intermediary to help me with a 1031 exchange in Philly. Also any advice for this is my first time attempting an exchange. I’m looking to sell 4 houses and buy an investment property down the Jers...
Hello all,I would think this is rather common but I would appreciate it if someone have this experience and can chime in on the topic.I have two properties that I would like to sell and have 1031 exchange into a large...
Hey BP, I am working on my first 1031 Exchange for a duplex I own in Richmond, VA. I understand it may not be necessary to work with a local qualified intermediary, because this is my first 1031, I would like to work ...
1. It’s WHOLESALING, not WHOLE SELLING2. It’s a job/business, not investing 3. You CAN’T be successful doing it without capital4. “Driving for dollars” is not a viable strategy; the people successful at wholesaling sp...