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Can someone answer this Hypothetical question for me regarding 1031 and Taxes.
Scenario
Lets say my Father bought a property for 1,000,000 and Sold it for 2,000,000
1031 Exchanged the sale
Bought two properties fo...
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My grandmother bought a minority share in a commercial property nearly 50 years ago. She passed on her shares to my mother and her siblings about 20 years ago. They together own 25% of a large commercial building in C...
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Hi BP, I've been flipping houses in Philly for nearly two years and I am coming up on my first year that I need to pay taxes on my gains. I recently met with my CPA to go through some of the best strategies to minimiz...
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Hello BP,Does anyone have experience with Delaware Statutory Trust which they'd like to share? Pros/Cons? I have a multifamily property that I'm considering selling but would need to do a 1031 exchange. I'm nervous ab...
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Hi All,I am selling a duplex for 2.3 mil. I am doing a 1031 exchange. Based on the 200% rule I can buy as many properties I want as long as they don't exceed 200% of the sale of my property. I want to split the m...
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I'm under contract for a property with a seller that may entertain carrying (all not part)This would be my first attempt at this type of deal. I'd like to make an offer that makes sense and is beneficial for all part...
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Well, I just got a bit of news all of us just love - the HVAC needs to be replaced! At least the heat component needs to be replaced (AC works). Contractor says heat exchanger is cracked and induce draft motor has f...
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Hi my name is Javon. As of right now, I’m trying my best to gain as much information on the fundamentals of Real Estate but I’m having a hard time wrapping my head around “Equity” and why it’s beneficial. Can someone ...
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So with a VA loan you don't have to put any money down, but if i remember right you technically have to use the home as your primary residence. Is there any way around this? As a veteran I would always like to use a V...
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Good day bigger pockets. I am a small business and I have been contacted by a large investor to provide a quote for providing and installing flooring in several of his units. I'm wondering is it possible to work for ...