BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
I'm considering selling a rental property and buying another that may be less expensive than the one sold. But the new property needs work. Can the excess funds be used to make the improvements without the tax consequ...
I have a property in New York that I'm putting on the market next week, which should net about $140k in profit after selling it, and I'm planning on rolling that into 2 new property purchases in North Carolina. This ...
Hi All, I have a question about Withholding Statements in the context of 1031 exchanges. I am in the process of exchanging out of my "2nd property" (just sold), into my "3rd property". Suppose the following scena...
For an investment property to qualify for a 1031 exchange, is there an established minimum that you have to have a tenant in the house before you sell the home and exchange for the next investment property? For instan...
A Question On 1031 Exchanges for the 1031 Experts on the Forum.
BACKGROUND:
Sold Investment property in 2016 netting around $225,000. Money deposited with 1031 Exchanger. Bought 2 properties with 1031 proceeds. Paid...
I need some insight on a 1031 exchange. I have a closing coming up with a relinquished property netting me just over $140,000. This equates to $700,000 in spending power at 20% down. The only problem I am seeing is th...
Is it possible to provide qualified intermediary services, as well as other services, such as real estate brokerage, in the same transaction, if all provided services only pertained to a 1031 exchange?Based on reading...
Hey folks, I'm working on a blog post and my next real estate book - and I'm looking for a BiggerPockets Member who has recently done a 1031 exchange and are willing to answer some questions. I want to profile a membe...
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...