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...
Hello,Does a 1031 exchange allow me to sell a rental and roll the profit into a property that has two houses on it (one to be a rental)? Or does it allow profit to be rolled over into a property that has one house on ...
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 ...
With an investment property, other than an exchange is there any other way to avoid paying capital gains? I know about living in the property, and that’s not gonna happen so other than that or other than these two opt...
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 ...