I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
Hi all,
When it comes to using an individuals private money to fund deals, how is the money typically handled?
I ask, because I recently met an individual on a real estate investing Facebook group who says he offers...
Hey all, I was hoping for some advice on how to get something started:I'm hoping to sell a single-family investment property in San Antonio, and do a 1031 exchange to get into multi-family investment properties. The i...
Having spent some significant time working with borrowers buying and selling property who are trying to complete a 1031 exchange, I thought I would post regarding my experience.1031 keys:1. Defer income tax.When selli...
I purchased a home for $7500 at auction. I have put $25K into the rehab of this property and am about to list the property for $70K. What is the basis when finding a "like kind" property of "equal or greater value?" T...
I was wondering if I sell one of my rental units if i can re-invest the capital gains to avoid paying taxes on it. If so how long do I have to re-invest? Any info on this subject would be greatly appreciated.
Thank yo...
Hi All,
I am considering doing a reverse 1031. Following is the scenario. I will buy a replacement property at $1M, with $500K down. After that, I sell the relinquish property at $450K, free and clear. The $450K will...
I currently am researching my options on potentially selling 1 or maybe 2 of my 3 family properties and rolling them into a new/bigger multifamily. One of the deciding factors is will I have to pay 20%-25% in property...
Hello everyone! I have a triplex that we STR and would like to sell it. Ideally, we would 1031 exchange it into a multifamily BRRRR opportunity (5+ units = commercial loan). The triplex is currently in our personal na...
hello, If I am the owner and sell a property by owner financing it / carrying the note; can I still do a 1031 exchange? For example, lets say that that I own property and buyer pays me $50,000 and i finance $50,000 ...