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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...
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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?
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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...
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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...
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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...
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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...
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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...
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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...
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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...