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I would like to sell a couple properties in the future, would I be able to use the 1031 strategy to buy one house that I would use as a primary residence? Would I be able to sell 10 houses in a package and use that to...
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Team, looking at doing another 1031 on 2 properties just purchased, renovated and leased-out. The IRS says I need to have 'intent to hold' property. What exactly does that mean? Is it more intent focused to lease and...
Hello BP,
I am in the process of finishing a house and will profit 140K. I am considering a 1031 Exchange to purchase a 4plex or bigger. This house is completely paid off and in a C+ neighborhood. I really do not wan...
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So I am about to cash out a large investment from the sale of an investment property and am facing 1031 exchange options.I also recently sold my homestead and moved, now looking to purchase a new primary residence.Is ...
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Trying to understand options as it pertains to the sale of a current AirBnB rental. What are the implications of doing a 1031 for an new investment property that eventually doesn’t generate rental income? Is somebody...
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If a tenant intentionally damages the property is the damage covered by the insurance company ? Cannot get a straight answer from the insurance company.
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Hello
I am considering a short sale property (SFH) in the Magnolia area of Seattle (very desired location). The property is valued at $800,000 and is available at $680,000. It does not require more than $5000...
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I bought 6 unit property in Wildwood,NJ,
in November 2024, doing rehab now, should be done by May 2025
I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts ...
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hi - purchased my property in January 28th and just sold it and signed the contract on 10/21. Just spoke to a 1031 exchange lawyer and he said that this is not a good scenario and I cant do a 1031 exchange, that i di...
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Hey BP friends. It's been a long time coming but my business partner and I just closed on our first property. We're aiming to do several buy and holds but this property will be a fix and flip. My question for everyone...