Leon Nelson
Has anybody used "First American Exchange Company" ???
I am working on a 1031 exchange now and came across a company by the name First American Exchange Company located out of Irvine. I wanted to do my homework and make sure they are legit. Has anybody used them? Is this ...
Angela A.
Cash out after reverse 1031
Hi All,I am considering doing a reverse 1031. Following is the scenario. I will buy a replacement property at $1M, with $500K down. Afterwards, I sell the relinquish property at $450K, free and clear. The $450K will...
Chris Gawlik
1031 exchange rules?
Can you 1031 exchange a property owned by an LLC? Can you 1031 exchange 2 properties for 1 property. For example if I had 2 rentals and wanted to 1031 exchange them into a 10 unit property is that allowed? How long do...
N/A N/A
1031 exchange to rental unit
I am soon looking to sell some investment land and thru a 1031 exhange move this money into a sf or multi tenant house. Given the time restrictions on the exchange I don't feel I can spread this money across multiple ...
Catherine Javier
Keep, refinance or sell?
Hello everyone! Asking for your expert opinion. Any thoughts are appreciated!We bought at $212k, we put 20% DP used DSCR(~45k because it was appraised at $206k).
Some of the updates we did: changed roof& hvac,...
Nick R.
1031 Exchange from Residential to Commerical
Curious about a particular 1031 caveat as it applies to me...
I sold a single family rental with loan and title in my personal name. I put my gains into a 1031 exchange account. Now I want to purchase a multifamily p...
Viren Perumal
Complex exchange with many steps
I all I would appreciate any advice from folks that have a background.My 1031 Intermediary told me to speak with a CPA and the CPA told me to speak to a tax lawyer.... I have been part of an LLC that has owned 2 adjac...
Stuart Powell
1031 Exchange towards a primary residence
My parents are selling multi-unit (10) apartments, which is part of an LLC. The LLC consists of my parents and a family member who recently passed away, and the property is fully paid off. When its sold, can the fun...
Kevin Lisewski
1031 Exchange - Possible to extend?
Hi all,Is anyone else currently in the middle of a 1031 exchange? Looking for options to extend the timeframe. We are under contract on one property that will use half the value of the 1031, and are considering our o...
Megan Elliott
Are the savings worth executing a 1031 exchange?
I am contemplating doing my first 1031 exchange with a rental I have owned for the last 8 years. The cost basis will only be ~$35k so the taxes would be around $7000 (live in NC). While the tax benefits might not be ...