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I have been working on selling a property and then reinvesting into another one. I’m supposed to close on both properties on same day but the one I’m selling just called and put off sale unit a week after I close on t...
Never complete a 1031 exchange, looking for help near by. (Amesbury MA)SituationMy 3 family has an accepted offer of $660,000 (pending bank approval)I paid $380,00 and owe $336,000.I have 56,000 in depreciation that ...
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Okay, So this may be a silly question, but I have found myself in a conundrum. I recently sold two properties using the 1031 exchange, but didn't think this fully through. So my plan was to use the equity to buy (f...
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Good morning BP,I am thinking about selling my Boston SFR for a MFR in Norfolk Va. A couple questions that I have are as follows:When should I inform a QI that I intend to execute the exchange?- We intend to place the...
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Planning on doing our first 1031 exchange. Can anyone recommend an inexpensive company that will do it correctly? We are in CT, but I think that the company can be anywhere in the country. It's a very simple exchan...
I'm selling property in New York where I think the market has peaked and investing in properties in Pennsylvania.
My issue is that most of the properties I'm buying in the new state I'm buying at Tax sale or Forecl...
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I own a lot currently worth about $850,000. I want to sell it for $1,75 mil with a contingency that I would design and build a house on the property to suit the purchaser. I would ask a down payment of $300,000 follow...
Hello, about to sell my rental property which is not in an LLC and just in my name... Does this still qualify for a 1031 exchange as I am looking to hopefully upgrade into another property... Is there anything that s...
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Hi all,I've been all over these forum posts trying to find this answer and I keep going back and forth on whether it can or can't be done, so decided to reach out to some of you experts here.I'm trying to figure out i...
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Hi All - apologies if this question has been answerd in past, but trying to understand if selling a single family home (both side attached townhouse) and buying a commerical multifamily unit (more than 5 unit) - you c...