So, I was excited about doing a 1031 for my first flip, but then I read that you have to own the first property for at least a year. Is there any loophole out of this? I want to flip my first house relatively quickl...

I was thinking about selling a commercial property that I just bought 4 months ago.  I understand if I sold it before 366 days of ownership, it's a short term capital gain tax. But if I did a 1031 exchange, there woul...

Hi BP,I purchased an occupied rental property in November 2020. I have a significant amount of equity in this deal and would like to exchange the rental for another rental property in a different city. I have read onl...

I purchased a home with a second VA loan approximately a year ago. The house is great, but for a variety of reasons I'm interested in moving to a nearby city and making this home a rental property. I vaguely remember ...

Hi
I have a rental property I am planning to sell and use the proceeds to buy a 2nd home( through 1031 exchange). I know 2nd home use for personal use doesnt qualify for 1031 exchange. However my question is what if ...

Hi I want to use a 1031 exchange qualified Intermediary for the first time. It appears there is a lot of research that needs to be done to find a good one. Does anyone have any advice on such a company, that they have...

Hello, I purchased a distressed house with the intention of fixing it up.  I've received some good offers on it before it's finished and am planning on selling.  I purchased it in November of 2020.  If I sell in Janua...

I have a commercial zone property under contract that includes a building that I intend to hold for rental income and some additional vacant land that I intend to subdivide from the building and then flip.For tax purp...

So, my CPA indicated that a 10301 really won't assist in deferring capital gains because capital gains are irrelevant when selling a short-term investment. His explanation is that the profit will be taxed as ordinary ...

Hello everyone!

I’m a single family investor who has always paid cash for my investment properties. My typical formula has been to spend 10-20k on the house, another 10-15k in repairs, rent ...