Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...
I have a SFH with equity that I will be selling and 1031 exchanging for a commercial/mult-family property. Can I legally syndicate the new acquisition, and if so, will this just create a tax accounting nightmare?Ahmed
I'm curious as to how to package SFR's into a single deal. Here is why I ask. We have 5 SFR's right now. We're looking to move into Multi Family. We have the capital to get our first MFR and that's underway. O...
I’m doing my first 1031 exchange and will be netting about $200k. I am planning on using it to buy multiple properties in AL, TX or OH and wanting to use the BRRRR strategy on these homes. Looking for some advice on...
Hello, I am a newbie when it comes to 1031 Exchanges, I have a couple of questions. I have always heard about them, but don’t really know anyone who has done it successfully. Here are my questions: 1) Can you have mor...
Hey guys!I am getting pre-qualified for a loan, we are planning to do a 1031 exchange.The realtor referred me to 3 lenders, 2 of which never done 1031 exchanges. Does the loan officer need to be knowledgeable about 10...
For those of you who are unfamiliar, a man was able to trade his up from a red paperclip to buy an entire house in just under a year...
You can read the story and see the various trades he made here: http://en.wikipe...
Hear me out...I've thought of doing one, but then when I research it, I only have 180 days to find a replacement property. With the way I buy property, there's no guarantee I'll find something acceptable in that time...
Real estate investors are constantly seeking strategies to maximize returns and defer capital gains taxes. The 1031 exchange, a provision in the U.S. tax code, has emerged as a powerful tool for achieving both objecti...