Victor Robinson
Selling performing 2nd position
If I were to agree (as a seller) to owner finance a portion a portfolio sale, but later decide I want the money out to reinvest, at what sort of discount would I likely be selling the note. EXAMPLE: Portfolio sale pri...
Aubrie Larsen
Capital gains when Renting basement?
We’re having an investment property built that we are planning to live in for a while, build equity in and then sell. We also are hoping to rent the basement on AirBnb. How does that work with paying capital gains on ...
Tom Albares
Seller financing of property
I found a property that is fully furnished that would be an excellent STR. The seller stated that seller financing is a possibility. The property has been used by the owner as a rental. It's in an HOA that has depl...
David Pedersen
1031 Exchange for 50% of Owner-Occupied Property
I own a 4 unit apartment building, live in 50% of the building and rent out the remaining 50%. I'd like to sell the building and do a 1031 exchange for the 50% share that is income property by purchasing a like-kind p...
Carson Smith
2 Year Homes Sales Exclusion - Apartments 5+ Units
Does the 2 Year Home Sales Exclusion apply to Apartments 5+ Units? (If you live in one of the units 2 out of 5 years, can you avoid paying capital gains?)
Christine B.
Can we take advantage of IRS Section 1031 and Section 121
My husband and I bought 30 acres in 1994 (undeveloped) for $119K and in 1999 we built a home on the property for $200K. We have been approached to sell the property to a developer with 3 proposed scenarios:1) sell 25...
Kenny Tan
Selling Duplex cap gain tax strategy
Hello everyone.
A brief intro. I owned an identical 2x3bd floorplan duplex in Sacramento for 10 years and I have plans to sell for a modest profit when RE market gets better. I hope that would be 4-5 years from now.
...
Wayne Tsang
Keep or Sell Home with a Pool
HI All this is my first time posting in the BP forum!
I am moving from my 2-family house to a new single family house in a few months. The house was bought in 2016 for 600K and has appreicated to around 800K (based o...
Jay Story
1031 exchange with many working parts
I'm looking to do a 1031 exchange by selling property that has been in my family for years. The property is comprised of 4 parcels ranging from 1.3 acres to 16 acres, all adjacent to each other. 2 of the parcels have ...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...