I am brand new to the BiggerPicjets community and podcast and so far I am loving it. Not only for the content and idea generation but the sense of community. So the reason why I am here right now is an idea, like us a...
Hello,1. If I do a 1031 exchange on the rental property I buy will I be able depreciate for another 27.9 years?2. If I sell my property and I dis 1031 exchange properties before will I have to pay depreciation on all ...
Hi,
I'm thinking of doing a partial 1031 exchange. I'm hoping to just move the profit from the original property sale into the exchange, and then taking the original down payment out in cash.
Does a...
If I sell an investment property can I use those funds to refinance another property to do renovations?For example: I sell a $200,000 condo with no mortgage debt on it. Then I refinance a property that I already own t...
Someone please help me with 1031 exchange situation I am facing.
Original cost / FMV of the property being relinquished is 3M / 3.7M. So there is realized gain of 0.7M. FMV of the replacement property is 3.2M...
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
I'm trying to compare a full cash out vs a partial exchange. I have a good idea on what my taxes would look like with full cash out, but not sure about the partial exchange. Need help to approximate the tax hit on par...
i am relatively new to BP & have a pending 1031 exchange involving CA(property to be sold), & out of state (replacement properties -still looking). How do you synchronize the timing?I am looking at some turnke...
Hi everyone. I have a NOO 3 family (soon it will be the only property that I own) and have been considering a 1031 Exchange to buy an OO multi-family. NACA requires that applicants not own other real estate in order ...
If I sell an investment property and put the equity into a 1031 exchange can I use that to pay cash for a house and brrrr?