I am in the process of selling a rental SFH property in LLC "A". I have a second LLC "B" that I was going to start putting new rental properties into. I want to do a 1031 exchange if possible. If I buy a new duplex ut...
Own a couple of rental properties and am about to sell one. The one I am selling has no mortgage. Want to use gains to pay off mortgage on second rental. Will this qualify under the 1031 exchange or does that only ap...
I have a question for the wholesalers out there. If you technically have a property under contract during a wholesale deal, why can't you use a 1031 exchange and put your profits right into another property without pa...
I am talking to a potential seller who has approx. 20 units in the form of small multi family dwellings (duplexes to quads). With failing management and poor returns he wants to sell but doesn't want to pay taxes on ...
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'm a co-owner of a home that burned down, and we're weighing our options on what to do with the insurance payout. Home was my grandfather's that he sold to a relative and myself. It wasn't a primary residence for ei...
I'm looking into investing in some syndicates but one thing that isn't usually available is a 1031 exchange. Given that 1031 exchanges are one of the best ways to build wealth and defer taxation, how much of a conside...
Hello fellow BP'rs!I have been trying to find concrete info on laws...but it seems to be a grey area? I acquired a new unit and I'm now looking at a 1031 exchange of a portfolio (5 units, commercial financing) into s...
I'm looking to do a 1031-exchange when selling a property in Dallas Texas. My wife did some research and found Andrew Gustafson with Atlas 1031 Exchange, LLC. Does anyone have experience working with them? What was yo...
Hi BP,So I know that the jist of the 1041 exchange is that you can keep deferring your capital gains tax when selling properties and buying new ones. I also know I've heard that if you live in a property for 2 of the ...