Piggybacking this great post:https://www.biggerpockets.com/blogs/5070/37244-103...Question #2: Can my spouse and I sell a property that we own personally and buy a replacement property in a LLC that is owned by both o...
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
https://www.youtube.com/watch?v=ZBseD64Lt0cAs some 200 FBI vehibles storm Ranch in Burns, OR it's quickly starting to look like the next 'Waco'-like federal siege in the making. Remember that Davidian cult? (Well at l...
Evening folks!
Hi BP!
My wife and I have some leftover 1031 funds that we're looking to deploy into another investment here soon to stay in line with the IRS timelines. We've used about 2/3 of it purchasing anothe...
I have a unique situation with property owned by my Mother (still in her name). She currently owns a 10 acre parcel in rural Southwest MO with a 2,000 s.f. 3/2 SFR. Due to neglect, this house is a serious fixer-uppe...
Hi everyone!For a 1031 exchange, I'm aware that you must identify a property within 45 days, and acquire the property within 180 days. My question is: are you only able to acquire properties in that 180 day period tha...
Getting ready to move on from an investment property and looking for some advice. Here are the particulars for my situation:Property includes a duplex (we live in one unit and rent the other), commercial building/res...
Hi BP,
I've heard different answers about 1031s so I'd love some clarification: (using simple numbers and assuming I hold for 2 years, leaving out depreciation and selling costs, and making the differences in purcha...
Here's a 1031 challenge I am currently going through now...In March 2014, I purchased a small two family owner occ with a tenant renting the other unit. In August 2014, I moved out and have been using it as an inves...