Piggybacking this great post:https://www.biggerpockets.com/blogs/5070/37244-103...Question #2: Can my spouse and I sell a property that we own personally and buy a replacement property in a LLC that is owned by both o...
1031 exchange help needed.. So everything I read about 1031 exchange is the same general information. My question is in particular to multi family real estate. If i were to purchase a 50 unit trailer park, does the ru...
Hello,My wife and I jointly own a rental property that we report on our Schedule E. We want to sell the property, and use the funds to buy another property with multiple other investors. From what I am reading, this m...
I am planning to sell my rental house and 1031 exchange for several new properties. I was thinking that one or two of those might be vacation rentals. My question is, can I make improvements with the proceeds of the o...
Hello BP Members,I live in Broomfield, CO (15 min north of Denver) and I have owned a duplex in Englewood, CO for 15 years and recently sold it in order to pursue a 1031 Exchange into a mobile home park out of state. ...
Hello BP Community!I finally was able to sell a foreclosure property I bought 4 years ago via tax lien! I held the lien for over 3 years, foreclosed around 6 months ago and sold the property after having ownership on...
Hi BP,If you have an investment property that you did the BRRR strategy on but want to eventually do a 1031 Exchange, does the capital gains credit based off of the original purchase price or the new loan on the prope...
Hi BP Friends,I'm doing my first 1031 Exchange, and I need some simple help from those of you with experience.The house I'm selling was titled in my name. My wife and I recently setup a trust (based on my social sec...
I have sold one of my rentals with an intent to do a 1031 exchange. I was able to identify a property literally the last day of my identification period. Unfortunately, there were multiple offers and I did not get the...
I currently have a rental property that I am looking to do a 1031 exchange with. I found a property that has a house on it and believe the lot is big enough to split into two. I am curious about the legalities of bu...