I have a property I want to 1031 exchange. I paid 100k and it is now worth 200k. It is completely paid off and I want to buy a few properties with leverage. Do I need to use the full 200k or only the 100k profits?
I have a question regarding a 1031 exchange. I just purchased my first flip and should make a nice return on it. My question is, with a 1031 exchange do I have to find a brand new property or can I use the proceeds...
Can anyone tell me if I can do a 1031 into a new build?Example: I build 3 four plex buildings, rent them for a year and sell. Can I take the profit and put it down on a new-construction project then refi when I'm done...
"Property" not Propety...Sorry if this is a redundant question. I seriously searched for answers to similar question. I have a SFR that I've purchased in 2008 for $250K. After repairs It will likely sell for $400K....
Hi all,I'm in the process of putting an offer in on a duplex. However, the seller is doing a 1031 exchange on the property. The issue I'm having, is that the seller has it worded that they are "not responsible for any...
Hi
My question is it possible to 1031 exchange my home that has a downstairs rental and receive the tax benefits? And, also can I claim the $250k exclusion since I live there as well? Would like to sell my home, bu...
Hi all, I have two properties that were part of a 1031 exchange I completed a few years ago (sold one property, bought two). They are now in an LLC, and I am looking to sell one of those two properties in order to pur...
My wife is selling her veterinary practice (both the real estate and the practice). Is it acceptable under IRS rules to do a 1031 exchange into a single family short term rental property? I’d love to avoid capital gai...
I was thinking of starting a book exchange for people in the Raleigh, NC area. I think it would be a great opportunity to share knowledge and meet people with common interests in RE investing/landlording/financing/etc...
I’m can’t get my CPA until Monday so I figured to check in with all of you! :)
Wrapping up a buy and hold renovation and was approached to sell the property.
I’m currently under contract on 2 other properties.
The q...