Hi there! Am looking to do a 1031 exchange from New York to Austin, as we love the area! We are looking to invest 450 to 500K (equal or higher value from our relinquished property). Our real estate agent showed us b...
Does the seller credit I get on my closing statement in a 1031 exchange "reduce" the purchasing expenses or do I reduce the sales price (fmv). These tax softwares do not make it clear where to enter what.
Hi- I'm been a RE investor for 15 years- mainly SFHs. I'm about to sell a condo and plan on my first 1031 exchange. Possibly to a large SFM vs quad. I'd like to make the process as seamless as possible. Any advice on ...
Can anyone help me with a 1031 exchange in Illinois? This will be my first go at it. What fees should I expect? What lessons have you learned that I should be aware of?>Closing Date On Sale: 10/27/2023> Sale ...
Hello All,Here's my situation:1st unit - no mortgage2nd unit - has a mortgage3rd unit - looking to buy and use as a primary resident for a few yearsQuestions:1) can I 1031 x/c the 1st unit to pay off the mortgage of t...
Hey everyone, this may be a silly question with an obvious answer, but is it possible to use my Real Estate LLC as my 1031 exchange qualified agent?
Folks, I have a question about a scenario. Bought SFR at $235k (Depreciation base: $200k) in 2016. The property depreciated for 7 years Loan on property: 200k ; Current market price: $360kIf I do 1031 exchange...
Any 1031 exchange success stories in today's markets? If so, what strategy did you use to best safeguard your profits considering the small time frame (45 days to identify a property)?I've read things like look at mu...
Hello,
Can someone help me. I have 4 houses in Florida. One of them I want to sell and buy next house.
I want to do it as 1031 exchange and I have few questions can someone help me? Thanks so much!
My purchase pri...
Looking to utilize a 1031 exchange. Need to locate a company that can help. Also trying to decide whether to swap dollar for dollar and have no debt. and income or leverage and have debt. but have larger assets.