Is it possible to do a "partial" 1031 exchange? I need to sell my NY rental property (co-op) but unfortunately I cannot reinvest 100% of its value. I was wondering if buying e.g. some land (value approx 25-30% of sold...
Hello!I am new to the world of real estate investment and am looking to learn as much as I can. I have a rental home that I am thinking about doing a 1031 Exchange with. I'm looking for advise from anyone in the Syrac...
Bigger Pockets family,I bought a piece of lakefront property for $30,000 a little over a year ago. We planned to build on it. Got engineered prints, cleared the land then decided that we didn’t want to move their beca...
First timer here! I just sold a rental home that I use to live on and I am going to be hit with capital gains... I closed the deal on the 14th of May. I have been asking my CPA about 1031 exchanges and she keeps sendi...
I am in the last few weeks of escrow on my second sale and have a significant amount of equity since I purchased during the recession in the North bay of California’s Bay Area.
The challenge for me now is to find a g...
Hi,I'm closing on a portfolio of 4 duplexes. All four duplexes are under one LLC and a single commercial loan is servicing the portfolio. I'm considering rehabbing and selling one of the duplexes. My question is this:...
HelloI sold a property that I bought for 680k 10 year ago and sold for $850 minus fees so $800k. There was a loan of $550k so I now have 236k in and 1031 exchange account and want to buy a property for $438k. The ques...
Hi. First post here. Here is my scenario; I own two lots of land. I want to put an offer in on a 3 unit apartment building. My question is; if I buy this apartment building and then 2-3 months down the line sell the l...
Can a Canadian citizen without American citizenship take take part in a 1031 exchange???
We've just added a page to the site with information and resources on 1031 Exchanges. This should help people understand how a 1031 exchange works, and will provide them with the tools they need to execute these tax ...