Hope all is well. I currently own one condo in Colorado and absolutely love that I am earning 16% on my money as opposed to the 1.5% from the bank. I am in the process of searching for another unit, particularly in t...
We may be listing our single-family home investment property this month. It has greatly appreciated and if sold, we could clear $100K. I used 1031 exchanges in the past but failed to find a replacement. I don’t want ...
I have been closely following the developments around Qualified Opportunity Funds/Zones for the last bit now. Everyone has pretty much been on hold until we get more guidance from the IRS; but, yesterday they updated...
Good morning,
I purchased my first home, a townhouse, in 2005. I quickly learned I was a nomad and moved after a year. I listed it as a rental property in 2008, and I have been renting it ever since. I am looking to ...
In the future, if I sell a property and buy the next one using a 1031 exchange, are there any restrictions on what I can do with the monthly rent I make on that property, or can I treat the income just like I would if...
I’m trying to understand the basics of 1031 Exchange.Q: 1. The benefit is that while capital gain taxation is deferred it temporarily frees more money (profits/equity) for re-investing is this the point? 2. Does 103...
Hi Biggerpockets Forums,I am looking into getting into real estate soon in Georgia and I had an open ended question on tax liability strategies. As a little back story, as a positions investor I am all about the long ...
I'd like to get opinions on whether or not you would do a 1031 in this situation. I have a house I have owned for 2.5 years. It is currently under contract and I my estimated capital gain is $40k which will result i...
If I 1031 exchanged into a condo on a land-leased property, once the property reverts to the land owner would I have to pay any deferred taxes on the relinquished property sale? Since there would be no sale of the rep...
Hello all,
I am looking for input to anyone who has an understanding of the benefits for utilizing the Opportunity zones. I know the benefits, however am looking for opinions as to if it would really pay off in my c...