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...
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...
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...
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...
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 ...
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...
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...
How do you deal with Foreign Exchange Currency Loss?