Hello.I’m closing on the sale of a property and have the option to roll over the gains into a 1031 exchange. I’ve identified a new investment and can use part of the funds to finance the new purchase. I can identify a...
We are in the process of a 1031 exchange. Sold an investment property for $285 (140k profit), buying another for $245k (pay capital gains on the 'boot).My Question is, can we hold this rental for a year then sell it f...
Hey BP Friends, I’m looking to purchase a multifamily (56 unit) from sellers who acquired it with 1031 exchange proceeds. They want to seller finance it and aren’t sure if they would have to pay out all the deferred t...
Experienced investors- need some advice!So my husband and I are going to receive net proceeds from a REIT investment at the end of this year. The investment was a 173 unit apartment complex. To defer taxes, can I use ...
I currently have a seller that is interested in a cash offer for their property. Their only concern is, will they will be paying the long-term capital gains tax for the property after closing?The property is free and ...
We sold a property july 13 and funds went to a QI as we hoped to do an like kind exchange. We Identified a replacement property August 27 which was day 45. The deal fell through abotu a week later after we had the in...
Can you do a 1031 on a primary that is paid for? I am a new investor looking at all of my options as I plan to purchase within next 3-6 months.Thanks for everyone's help with my questions. This is an amazing community...
Good afternoon,I have a single-family home that I am looking to sell. It is paid off and I have owned it for 2.5 years. I want to sell it and use the money to buy a primary residence.I am wondering what the tax implic...
My company has been purchased and the division that I am in will be sold through the divestiture. This will allow me to move my 401K into an SD-IRA, of which all the funds will be used to purchase SFR's, all-cash (no ...
I realized in February of 2011 that my ladder was leaning against the wrong financial building. Sooooo, I started to use my savings, refinancing my personal home, and taking out my IRA’s and 401K money through the cou...