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...
1031 Simultaneous Exchange:
The like-kind replacement property and sold property both close concurrently in simultaneous 1031 exchange.
Delayed or Forward 1031 exchange:
You ha...
I am selling my commercial building and am financing the sale. The bldg. is paid for.There will be a down payment and monthly payments but the profit won't be realized for years. Is there a way to avoid the tax liabi...
Happy Friday BP universe! I've got a 1031 exchange question...Do i have to purchase a replacement property equal to my sales price or just the amount of my capital gain?Say I bought my property for 400k.I sell it for ...
Hi all. Sorry if this sounds repetitive as I've read a lot of other 1031/HELOC questions but haven't found one that answers my specific question yet. We know from experience the overall rules of a 1031 exchange but ou...
I currently have a rental portfolio with 25 SFHs in 1 LLC. Next I plan to purchase more property but will put it in a different LLC so that all my assets are not in 1 basket to reduce risk. Down the line when I want t...
Hello BP familyI am currently putting an investment property on the market with the idea of doing a 1031 exchange. I would like to by an SFR and "house hack" - live in one room and rent out the others. But, I was read...
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 ...