Bigger Pockets family,I bought a piece of lakefront property for $30,000 a little over a year ago. We planned to build on it. Got engineered prints, cleared the land then decided that we didn’t want to move their beca...
First timer here! I just sold a rental home that I use to live on and I am going to be hit with capital gains... I closed the deal on the 14th of May. I have been asking my CPA about 1031 exchanges and she keeps sendi...
I am in the last few weeks of escrow on my second sale and have a significant amount of equity since I purchased during the recession in the North bay of California’s Bay Area.
The challenge for me now is to find a g...
Hi,I'm closing on a portfolio of 4 duplexes. All four duplexes are under one LLC and a single commercial loan is servicing the portfolio. I'm considering rehabbing and selling one of the duplexes. My question is this:...
HelloI sold a property that I bought for 680k 10 year ago and sold for $850 minus fees so $800k. There was a loan of $550k so I now have 236k in and 1031 exchange account and want to buy a property for $438k. The ques...
Hi. First post here. Here is my scenario; I own two lots of land. I want to put an offer in on a 3 unit apartment building. My question is; if I buy this apartment building and then 2-3 months down the line sell the l...
Can a Canadian citizen without American citizenship take take part in a 1031 exchange???
We've just added a page to the site with information and resources on 1031 Exchanges. This should help people understand how a 1031 exchange works, and will provide them with the tools they need to execute these tax ...
Has anyone worked with this or any other TIC firm?
It is an interesting concept as they are regulated by both the SEC and the DRE.
I know there is not a specific time to hold to 1031 proceeds however generally a year is given as a time frame that the IRS will accept.
Does the year time frame have to be continous or can you have a break in title?...