Having just completed a successful flip, I was too eager to close and move on to the next property.In my eagerness (stupidity/sloppiness) I did not file paperwork for 1031. So while I am in the process of buying the n...
Hi Everyone,Looking to get further detail and advice regarding selling a rental property and a 1031 exchange.My father owns an apartment for over 25 years but has not lived in it and has rented it for the past 5. He i...
I invested in land property. 200 acres last year with my brother. We currently don't have any LLC or other sort of company legal structure.I will assume a $50,000 gain after the sale. My question is if I can do a 1031...
I have a rental condo that has just been voted to be deconverted, so the building is being bought out. The closing will not take place for at least another 60 days since the new owners are doing their due diligence...
I met with a real estate broker today (commercial agent) and he mentioned that the tax deferred exchange only applied to properties that are worth more than 300k, and it is mainly used for commercial properties. Is th...
Can anyone recommend a good qualified intermediary for a 1031 Exchange in the Dallas TX area?
I cannot find any hold time requirements for real estate. Does anyone know of any cases or IRS restrictions on using the benefit of a 1031 to flip a property you've held for under 2 months?
Hey there,
I was wondering at what point a 1031 makes sense? I have a property which is the first I've held over a year. Someone told me to consider a 1031, but is it worth it if the profits are only 40K?
I am a homeowner and wondering if I can move out of my current home, rent it, and use a 1031 exchange to pay the current mortgage and home equity line of credit. Can anyone help with this question? Thanks.
Hello,
I am a newer investor and I am looking for advice on a good 1031 vendor. I am getting ready to sell one of my 3 deals I got going on and need to start thinking about this.
What are some of the 1031 Exchang...