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Does anyone have any experience with doing a 1033 Exchange? I have some land that is being sold and was reading a little about it and the post was saying you have to purchase something comparable to what is being sold...
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Im hearing that I have to use a 1031 exchange agent to handle the money inbetween sale and purchase of the next property. Im hearing $1k+ to handle the process. I'm in TX. Does anyone know anything about this and is i...
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I typically buy and hold, but in February this year, I bought a super run down property, and turned it around. When I looked at the numbers - total all in cost & rental income VS. just selling it outright, it mad...
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Hi everyone, I have quite a bit of equity in a single family home, and ideally I'd like to 1031 exchange it into a commercial real estate purchase. However I don't want to be pressured into finding a deal within 45 da...
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In Los Angeles a large percentage of apartment buildings are sold Off Market, so its hard for me to know if listing agents are representing sellers and buyers (double ending the deal) Im sure thats the case tough,bu...
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Hello,
Buying a property as part of a 1031 exchange, trying to go on contract with closing on the replacement property 2 days after closing of the relinquishing property. Trying to avoid issues with the time lines o...
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My CPA does not specialize in real estate investing. I am looking for someone to help with tax strategies and help file my Real Estate LLC's and W2 taxes. I live In Milwaukee, WI and would like someone who is close so...
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I sold my second home in 2022 and immediately bought another but at settlement didn't do the 1031 exchange paperwork. All proceeds from the sale went into the purchase. Is it too late for the settlement company to c...
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Investment Info:
Single-family residence buy & hold investment in Little Rock.
Purchase price: $52,200
Cash invested: $6,000
***UPDATE** I sold this property during 2021 for $83,500. After Clos...
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Hello BP family, I had question about 1031 and reverse 1031 exchanges. I know this is an oversimplification, but coming from a legal background Im trying to understand whats going on in a 1031. My impression of the p...