I bought a commercial property some six months ago in a 1031 exchange. Now, there is a good demand for the commercial property and I might be able to sell it for a pretty premium. The idea is to sell it and move the m...
Hey BP, I hope all is well. I'm wanted to get some opinions about a seller financing deal in about to land here in Norfolk, VA. I have been thinking up ways to not use my cash or maybe just a portion of it on this dea...
Good evening Team, I’m 2.5 weeks deep into my REI career. I’ve been D4D and have a huge book of addresses and leads coming in. I have found a subto lead, that has $190,000 loan, they said the house has been assessed a...
I own 3 rental properties and am doing a1031 exchange on one. What closing costs can i deduct from this exchange? I want to keep accumulating carry over losses but am having trouble finding information about this.
ev...
Hello to all! Thank you in advance for reviewing my question. My question involves three parts: Capital Gains tax liability, a 1031 exchange, and seller-financing. Here is the scenario:
- Investor purchases a propert...
I'm having a hell of a time finding a 1031 exchange intermediary. Anyone have any recommendations in the Maryland area? Also, does anyone know the cap dollar figure for the 1031 exchange? I hear it's 5.5 million. ...
Perhaps a savvy finance expert can help me figure this out. My wife and I have an fha loan on a house we bought two years ago today. We want to rent it out and buy another as a primary residence. We can't get a second...
Hey all, I am not looking for legal advice, but just general information. I own a condo in San Diego with about 300k of equity in it. I bought this as a primary residence years and years ago, before I met my now wife....
We are considering trading down with 1031 exchange. Can you ever pay more taxes with 1031 than if you just paid the capital gains from the start? Our replacement property will have a lower mortgage and we will have so...
All,
Other than having to pay tax on your capital gains are there any other consequences? Can it raise your tax bracket. or have ony other impact?
If you make $1,000,000 and then pay your tax bracket amount say 25%...