Hello, I am in the process of selling a property in Indianapolis, it was purchased as a primary residence but have been renting it out the last five years. I live in Minneapolis and its been a hassle to travel for rep...
Hi, BP!Just joined up after being a long-time reader because I finally need to ask: when doing a 1031 exchange, is it realistic to identify and secure 4-5 properties in the 45-day identification period (and abiding by...
I had a discussion with a colleague about a tenant who damaged their apartment. Tenant flooded a unit, which caused damage to the unit below. Insurance is called in. Does inspection and the estimate is higher than the...
Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We we...
I am currently selling a rental property(just signed the offer) that I have had for about 6 years and just realized that the capital gains will probably be pretty steep so I may want to do a 1031 exchange. I originall...
After how long a 1031 exchange replacement property can be used as a owner occupied.
I am at a fork in my life where I am thinking about making the transition from my secure W2 job to REI Full Time. I recently got my real estate license and have a brokerage lined up for when I am ready (specializing i...
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...
Is it possible to take a 1031 from a property I have for sale and use it to build an investment property on a lot I currently own? This will be my first 1031 one and don't know if this is possible or not. Thank You
We have rented our (formerly primary residence) out for the last 7 years. We did not intend to sell it, but recently found a nice duplex in the path of progress (lots of potential), and have decided to sell the singl...