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I am a current investor in short-term rentals (STR's) in Arizona, with (4) properties that have performed very well. For personal and "other" reasons, we no longer want to manage STR's, and long term rental returns a...
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I wanted open this questions to @Brandon Hall or other BP investors who have experience with 1031 exchange.Suppose that i have a property in Chicago that i purchased for $400,000. Over the years, I have taken a deprec...
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I completed a 1031 exchange about 18 months ago. See below for details and my question...Property #1 (numbers rounded to make it easier - not including fees)-Bought for 75k-Down Payment 15k-Sold for 200k-Mortgage amou...
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I have/had a SFR in SC, which was an exchange property in a CA 1031. We had a severe fire with an estimated 6 to 9 months to rebuild.
We opted to use the insurance payoff to payoff the mortgage (BTW this is much more...
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We recently are doing a 1031 exchange and closed already. We found out htat we were supposed to credit the buyers something on our sold property. I was wondering if the QI could credit the buyers of our downleg prop...
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Hey BP Community,I'm a new investor on the north side of Chicago and I am in the final phases of a gut rehab of a condo unit that is my first property. Bought at $155K, $50K rehab, hoping to sell/exchange at ~$215K. I...
I'm new to real estate investing and I'm exploring the idea of using money that I have tied in a 401k retirement fund in exchange for an investment property. Is this possible? if so where do I start. This 401k plan ...
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Just finished rehab on my first property. Wanted to sell but reuse profit from this house into another property using 1031 exchange. Do I need to tale to a professional that handles 1031 exchange before listing proper...
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1. Let's say I sell a house for and clear 100k. Can I 1031 Exchange into 4 houses with 20% down? (I just mean the legal side of things. Not asking about the financing side of things). 2. Can I take the entire 100k and...