Hi, new here..recently divorced. Awarded the investment property(cabin) with no mortgage and home with $155000 mortgage. Would like to 1031 the cabin and assume loan on house but my monthly income is child support $11...
I am curious of something. If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't...
From what I understand the two basic requirements for a 1031 exchange are the following:1. Use all net proceeds from sale into another investment property2. Subsequent property must be of equal value to the net sale o...
A situation arose with a 1031 exchange I am in the middle of in Denver, CO. Here is the timeline. 1031 started Jan. 2nd. Identified a property and closed Feb 26th. Gave the existing tenant 29 days to vacate the proper...
I would like to 1031 out of an investment building that I have owned for several years and exchange into new construction buildings on raw land that I already own (paid cash for land a few months ago and construction ...
Hello 1031 exchange people. I've read a bit about exchanges and I'm currently in the middle of one myself. I just have a couple questions to make sure I don't do it the wrong way. I'll explain what I'm doing and hopef...
I currently have one rental in the Denver metro with decent equity and I am considering doing a 1031 exchange into a multi-family unit to scale my portfolio. Any suggestions on how to begin the process or experiences?
Good Morning Fellow BP Superstars, I have a question for you smarter dude/dudettes! I am selling/closing today on a property I bought back in March of 2010. The property was my primary residence for about 18 months, ...
BP Family,Seeking some unofficial advice and definitely plan on validating with a CPA before execution. I have a property in Florida that i am trying to avoid paying CGT on. I would like to do a 1031 exchange and purc...
Hi all,A few years ago, a family member of mine set up a real estate investing LLC in California.She currently owns a single asset -- a farm in CA. Her initial plan was to sell the farm, retire, and fold the LLC.Howev...