If you own an investment property, and want to sell it to purchase another investment (and haven’t lived there for 24 of the last 60 months -i.e. ineligible to sell the property and avoid capital gains), is your only ...
If you have 3 investment properties in personal names, how can you later sell each and buy another in order to qualify for 1031? They can mix up.If you buy each in different LLC names, easier for 1031 tax purposes. ...
We have been working with a realtor and are considering placing an offer on a multi family that he is also the listing agent for. Is this a conflict of interest? I trust our relator, however don't know if this should ...
Hi everyone, I recently sold a house and made 80k net profit. Can I defer paying taxes on the 80k if I bought an investment property with the earnings? I currently am in the process of buying 2 properties and putting ...
I am planning to do a 1031 exchange with a property that is held in my wife's name. I need to transfer it to my own name as the new (target) property in the 1031 exchange would need to be on my name as it will be cont...
I am a financial adviser and some clients asked me this last night and I don't know the answer. Hoping y'all can help.Clients own a home (SFR) in South Carolina. The mortgage is paid and it has been a rental property ...
Hello, this is a general question. Would you need or recommend finding a real estate agent to buy a turnkey direct? There is are several firms that are turn key specialists so I am not sure if I just buy direct from t...
I’m selling my commercial property. I’m closing my business and no longer need the property. Currently have over 80% in equity. I’m not a real estate investor by any means so this is a first for me besides the home I ...
I have a piece of property that our LLC purchased to develop into a vacation rental property. It's located in a gated community near a touristy lake. We never broke ground. We've received an offer to purchase that pro...
How long do you have to hold on to capital before you have to deploy it into the next deal?