Hey guys,To those who have completed a 1031 what sort of costs are you looking at to complete the process? The reason I ask is because I can only do a partial exchange with a boot, so between that and the accounting c...
I looked for advice on this subject about 3 months ago then I had to just jump in and do it. Our San Francisco Bay Area market has become very difficult to find a property. The traditional forward 1031 path of "se...
My mom purchased a SFH for investment purposes and my husband and I have been renting from her. She bought the property doing a 1031 exchange using the trust that I am a beneficiary of. My husband and I are not looki...
I am working on a 1031 exchange. I sold my condo and get around $250k proceed, what if I put some $50k cash in, and then buy a $300k property full cash. After closing, then I do a cash-out refinance to get $150k back?...
Hello,I bought my rental last week and found a tenant a few days later. It is rent to own lease. The tenant want to buy the house in 45 days. I received the rent to own option fee.I plan to do 1031 exchange as my pur...
Hi everyone,
I'm looking for a layman's explanation of how a 1031 exchange works. I did some searching in threads and many of the explanations are pretty complicated. Can someone post a simple step by step guide to t...
Hello again,I plan on using the 1031 exchange in the coming years to upgrade from SFR to either 2,3,4-plex or a small commercial unit.If I say 'season' my SFR property for 1 year so the income shows up as net gain or ...
Can anyone tell me what happens if I have to sell a property I purchased from a 1031 exchange before the 2 year holding period?
I’ve just read something online where they said you would need a facilitator to complete your 1031 exchange before the sale of your property. Is this true ?And if it is, where can I find one ?Thanks!
All- Thank you in advance for your wisdom on this topic. After much research, I am looking for some guidance on a specific 1031 that I would like to do.I currently own several investment properties in as a tenancy in ...