Justin Nagy
Doing First 1031 Exchange
We have a property that we have purchased with cash and are now looking to do a 1031 Exchange. We bought the property for 140,000 and put 20,000 into it. If we sell the property for 250,000 do we have to reinvest the ...
Kesete Thompkins
1031 Exchange.... HELP ME PLEASE!
Hello BP family. I have two questions as I embark upon my first 1031 exchange and I need your help. Here are my three questions...
1. Can I do a 1031 exchange to close on a property that I currently have under a sell...
Jules H
1031 question
I have an investment property which I'm thinking of selling, its worth approx $900k, I paid $480k, and owe approx $300k. I was thinking of doing a 1031 exchange, but confused whether I need to buy another $900k p...
Kyle McCorkel
How can I have my cake and eat it too with a Solo 401k?
So I got my solo 401k all set up, but haven't had a need to use it yet. I've considered taking a loan out of it to do BRRRR's and flips, but I'm really not crazy about the mandatory 5 year payback schedule. It will ...
Dong Yan
is it worthy of doing partial exchange if it is how to calculate
Ran into a partial exchange situation, I am selling a condo at price of 400K, the profit is only 20K however the depreciation is super high since I have been renting it for 7 years. so I have to pay high tax for it. M...
Ray Mungia
Using Self Directed IRA's to purchase FlIps
Has anyone used a self directed IRA to purchase real estate? If you buy a property, renovate it and flip it, do you still pay taxes on the profit if you put all of it back into the IRA, including the amount you pulle...
Scott Henrikson
Looking for suggestions to minimize taxes on flips (no 1031)?
I’m a real estate agent that flips houses as well. I was looking for ideas to minimize my tax impact without using a 1031. Thoughts?
Joe Koppel
Can I get recommendations for rental home insurance?
I currently use Geico (Travelers) for my own home but for a rental is there any discount insurance companies that work with real estate investors? This is my first rental. Thanks.
Matt Laird
Self Directed IRA/ Edward Jones "Owner K"
My wife & I currently have an owner K thru Edward Jones, It has awesome potential for investment & Tax shelter, Together we are able to deposit $102,000 p/year in an IRA or $35,000 in a Roth & $67,000 i...
Andrew Mykletun
1031 exchange with multiple properties
Hi BP members,I am looking to sell multiple SFH investment rentals, some that have will have positive capital gains, while others that will have some negative capital gains (just the situation that I am currently in)....