How can I utilize a 1031 exchange if I sell current property and hold a 1st mortgage? Can a 1st mortgage be used as a deposit on another property?
Hello,
I have a very important question and would be incredibly thankful if you could offer me some expertise on the matter. I live in California and have a property I have dealt with the 1031 exchange. I sold my f...
Hi, I have an idea to maximize selling my properties with no notes on them using 1031's and thought I would bounce it off y'all because the wife thinks it seems to good to be true. LOL. Based upon the cash I would ...
I have three properties currently in escrow, and just listed a property for sale. Here are the facts:Properties in Escrow (all in St. Louis)4 family - $349K (Closes March 22nd)4 family - $310K (Closes March 29th)4 fa...
Hello,
So I am a little curious about 1031 exchanges with respect to "step up in cost basis due to death". To explain more, I am set to inherit some property that was correctly put under an LLC and was purchased thro...
Hi BP,Just wondering about this quick question. I hope to learn more about the 1031 exchange and was wondering if it is possible to sell a property in CA, apply for the 1031 exchange to buy a property in another state...
Hello,
I am very new to investing and would like some advice / insight. I purchased a SFH earlier this year in all cash and wanted to do a cash out refi so that I could used the proceeds to invest in other properties...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $512,500
Cash invested: $170,000
https://abnb.me/mpMoPNV2NHb
https://www.vrbo.com/3891105
https://www.carolinad...
Interested is strategies for selling long term rental of 8 years. As our market changes and becomes less landlord more tenant friendly we are looking to sell our long term rental. Does anyone know if selling w/ 1031...
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?