Can anyone help me with a 1031 exchange in Illinois? This will be my first go at it. What fees should I expect? What lessons have you learned that I should be aware of?>Closing Date On Sale: 10/27/2023> Sale ...
Hello All,Here's my situation:1st unit - no mortgage2nd unit - has a mortgage3rd unit - looking to buy and use as a primary resident for a few yearsQuestions:1) can I 1031 x/c the 1st unit to pay off the mortgage of t...
Hey everyone, this may be a silly question with an obvious answer, but is it possible to use my Real Estate LLC as my 1031 exchange qualified agent?
Folks, I have a question about a scenario. Bought SFR at $235k (Depreciation base: $200k) in 2016. The property depreciated for 7 years Loan on property: 200k ; Current market price: $360kIf I do 1031 exchange...
Any 1031 exchange success stories in today's markets? If so, what strategy did you use to best safeguard your profits considering the small time frame (45 days to identify a property)?I've read things like look at mu...
Hello,
Can someone help me. I have 4 houses in Florida. One of them I want to sell and buy next house.
I want to do it as 1031 exchange and I have few questions can someone help me? Thanks so much!
My purchase pri...
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...
Hello,
I am very new to investing and would like some advice / insight. I purchased a SFH earlier this year in all cash and wanted to do a cash out refi so that I could used the proceeds to invest in other properties...
Hi BP,Just wondering about this quick question. I hope to learn more about the 1031 exchange and was wondering if it is possible to sell a property in CA, apply for the 1031 exchange to buy a property in another state...
I apologize if this question has already been asked. Can you use a 1031 exchange to sell a rental property and purchase a business? A little background, I am in investor in Austin TX with with Duplex/SFH's and want to...