I am 20 years old and bought a new car last year not realizing at the time that it wasn’t the best idea because of the debt it has put me in. I am currently able to pay off the total balance but am having a hard time ...
Does anyone have any experience with doing a 1031 exchange into a Delaware Statutory Trust?Background: I found a potential off market seller. Older couple thinking of selling there duplex. One thing holding them back ...
Aloha BP'rs,My wife and I have our son and his family in our rental, which he wants to stay in, and we want to do a 1031 exchange into higher performing assets. The home here on O'ahu has a FMV of about $900k~, a $405...
We have the opportunity to purchase an estate house in an upscale area. The home is over 100 years old but in pretty good shape. There are 4 full baths and 5 rooms that could be used as bedrooms. We could get 6 to ...
Hi guys,
In order to qualify for a 1031 exchange,
1) how long is the property needs to be rented?
2) does the rental income need to be reported on taxes for a certain period of time ? (O sense it probably will b...
Thinking about doing a reverse 1031 exchange but it sounds really complicated. Does anyone have experience and tips on this?
Hello, BP Community, I've been watching a probate property in LA that requires court confirmation and has finally been assigned a court date. I'm considering attending the hearing and submitting an overbid in court, ...
If I sell an investment property can I use those funds to refinance another property to do renovations?For example: I sell a $200,000 condo with no mortgage debt on it. Then I refinance a property that I already own t...
I have a tax question. I have a financial advisor friend who said he can defer taxes (similar to 1031) from real estate proceeds into a charitable remainder trust or CRT. First, does anyone know if that is true? Now i...
Hello BP -I'm a real estate broker here in Long Beach, California and I have a client that would like to sell his condo rental, that is paid off, and do a 1031 exchange for a larger multi-family property. We are looki...