The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...

Is it possible to sell a rental and 1031 into a lot that you intend to build a duplex or four plex on? The new property has to cost more than the sale, and it will would when built, but it won’t as an unimproved lot. ...

Trying to understand how this works? Is there a simple way of explaining it? I googled it and got a link: http://www.atlas1031.com/1031-exchange-rules-requi...Is there anything else I should know about it ?Thank you. 

Hi all,I’ve just recently discovered BP and I’ve been pleasantly surprised at the wealth of information available and the number of people who are so willing to help. Hopefully I can tap into this knowledge pool with ...

Hi All, I am looking to discuss who has used a self directed IRA to partner up with your own LLC to buy real estate. Can you rent your property to someone and then sublet it from them to get around the disqualificati...

I own a $250k long term rental (10+ years nearly paid off). I would like to sell via 1031 and use proceeds to buy a $500k property I have identified to avoid capital gains. The issue is the seller of the $500k propert...

We have a two family home. We live on one floor and the other half is rented. The property is being sold for $1 million with a mortgage of about $300k. We're planning on doing a 1031/121 combo. The rental half is esse...

I have a rental property where I didn't live in for the last 10 years. I am planning to sell it and to a 1031 exchange for a multi-unit commercial building (residential apartment for 10 units). Does it quality for the...

I was offered quite a bit above market price (around 300K more than it's worth in the current market) on my 2 family property by a developer that is looking to knock it down as part of a larger project on my block due...

Does anyone have experience with using a 1031 exchange to sell a property and then purchase a "like" property with the profit.  Is an attorney required to facilitate this trans action?