I will be completing a 1031 exchange in the next couple of months. Selling prop in Washington and buying in Montana. My current property is titled to my wife and me as a married couple. We want to title the new prop i...

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. ...

I am selling a 4 unit property that is owned by my partner and I as joint tenants with rights of survivorship. As in, we both own 100% of the property. We both occupied one unit for 2 out of the last 5 years. The othe...

It looks like the whole real estate market is now waiting to see what's happening with the first time home buyer's tax credit. The deadline is approaching and no big news about the extension or expansion.

There was a...

My coworker has a SFH that is negative cash flowing but that has appreciated to give her about 90k in equity. She married recently and her husband already had a home that is more valuable than her rental property. Can...

I am planning to sell my primary residence I purchased on December 2020. Am I exempt from capital gains tax since I have been living in the house for more than 2 years consecutively or do I have to also own the home f...

My wife and I are looking to purchase property (vacant land). We are looking at purchasing 80% of the property by doing a 1031 Exchange by selling another parcel of vacant land. We have a buyer for the property we a...

Hi BP,
I need help to make sure I don’t make a costly mistake and my sure that my first deal goes smoothly.  Here’s the scenario: when I was single I purchased purchased a house and in CA.  I have since gotten marrie...

We have sold our CA rental property & have identified a 6 unit in TX. The 6 unit needs to be put into an LLC. My question is a 1031 ok to do as married couple into an TX LLC. We have been hearing a single entity L...

Will you get taxed on it immediately?
I'm thinking of selling my house and then waiting about a year or so to see if the market trends downward. If the money is sitting in my bank account for that time how does it hu...