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...
Hello Everyone,
I know the 1031 exchange is used to defer the capital gains under the condition you use it to buy another home. Is there a tax strategy for using capital gains off the sale of a home to pay off other ...
I'm considering selling a rental property and buying another that may be less expensive than the one sold. But the new property needs work. Can the excess funds be used to make the improvements without the tax consequ...
Hello All!I am considering a 1031 exchange for selling a Single-Family Residence (SFR) in order to purchase either a commercial land/pad site and develop houses/office buildings on it. I have a few inquiries regarding...
The seller is doing a 1031 on a property I'm buying. Can he do seller financing on a part of the purchase and still do the 1031 with the cash received? Is the note balance considered boot?
We've been talking to some brokers about a 1031 exhange. They explained to us that it is almost impossible to arrange a direct property to property exchange, that we would have to sell and buy within the allotted time...
I'm curious to know if it is possible to use a 1031 Exchange to go from a non-owner occupied multi-family to an owner occupied multi-family. Are there rules prohibiting that?
Hi BB Blog!I have a single family 2bd/1ba home (built 1940) that's been eating more money than it can make. I've put it on the market for 65K and was advised to do a 1031 exchange. I want to use this money to invest i...
I have done a couple of 1031 exchanges and I have a question for the experts. I’m selling a six plex in San Diego and buying 6 condo in Hawaii for full time vacation rentals (only for rentals ). The question is can ...
I'm looking to buy a mid-size multifamily property (10-30 units) in the Atlanta metro and subsequently sell a single family rental property in Washington, DC. I like the reverse 1031 exchange option because I wouldn'...