I am doing a 1031 exchange (nearly simultaneous, closings 2 days apart). I have a mortgage on the relinquished property but also borrowed some funds against my personal HELOC for improvements, etc. Can I show paying o...
Hello,If I exchange into another property doing a 1031 that has the same value, does the property I purchase need to be rented already with tenants or can it be a property that was non rental home before and when I bu...
I've decided to come out of my comfort zone in 2020 and exchange one of my SFH rentals for my first apartment building. The house is worth 85k and currently has no mortgage. 2 questions regarding 1031 Exchanges...1. I...
Hello All,I know this is a highly technical question, so if you can't answer it but have a CPA that you can refer me to, I would really appreciate it.Here it goes:Me and my partner did a flip earlier this year, and de...
I am selling one of my investment rental in St George UT. Listing goes live Aug 1! Im interested in a purchase for new investment property in Huntsville or Madison AL! I live in Ca. Looking for 1031 exchange rep! Than...
I just completed my first flip and cleared 10k, I then bought another property and put down 5k on the house. How and when can I utilize the 1031 exchange? I have read several things on this great tax benefit but I ...
I have a former residence (condo) that I held as a rental when i moved out about 15 years ago. About 10 years ago i refinanced the property to take cash out. Now I would like to sell it and purchase something bigger...
This one is a bit beyond my knowledge of exactly how 1031 exchanges work. I wanted to reach out to you guys for some advice.I have an investor that I am currently working with that has invested in several other projec...
This one is a bit beyond my knowledge of exactly how 1031 exchanges work. I wanted to reach out to you guys for some advice.
I have an investor that I am currently working with that has invested in several other proj...
My husband & I have several properties we purchased with 1031 exchange monies. We have recently started an LLC and would like to quitclaim those properties to the LLC. Is this allowed or would it throw up a red fl...