Tommy Ostendorf
Transfer Ownership to Child After 1031 Exchange
A family recently sold a duplex and purchased a new duplex using a 1031 exchange. They would like to transfer ownership of this new duplex to their son. Would this affect the validity of the 1031 exchange and theref...
Daniel Delanty
Selling property, want to reinvest and avoid CG tax
BP community, I could use your guidance. We are selling one of our 2 rentals to free up cash to reinvest. We thought about a refi but decided to price it high as the market seems to be peaking and to test the water. W...
Account Closed
Build to Suit 1031 Exchange
Hello,I am currently in a 1031 exchange build to suit. I have already set up the EAT and currently doing construction. The construction is paid for by me and not through the EAT. My construction will cost enough to me...
Heather Gates
1031 Exchange - Where to start?
I have a small MF property I am thinking about trying to do a 1031 exchange with. I know high level how it works, but not sure how to get started. Do all realtors know how to do a 1031 exchange? Do I need to find a sp...
Dave Carter
Can 1031 into a lot?
Is it possible to sell a rental and 1031 into a lot that you intend to build a duplex or four plex on? The new property has to cost more than the sale, and it will would when built, but it won’t as an unimproved lot. ...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...
Wylie Freeman
Best way to get around short term capital gains
I have a client that sold his land and would like to use his 1031 exchange to buy his mothers land. She bought it less than a year ago in September. Is there a way we can work around her paying capital gains?
Jesse Giacomelli
primary residence to rental, then 1031 to primary?
Hi guys,
I'm fairly new to 1031 exchanges and had a question about 1031 exchanging from rental to primary residences. Here's the scenario:
I've owned a home in California for the past 3 years. I plan to...
Mike Nas
"Formality" of 1031 Exchange Process
Hello BP family, I had question about 1031 and reverse 1031 exchanges. I know this is an oversimplification, but coming from a legal background Im trying to understand whats going on in a 1031. My impression of the p...
Terry Royce
1031 Exchange on a flip
I have 2 properties that are getting ready to
Settle in the next 30 days, I would like to do a 1031 Exchange either into another flip or into rentals. I have read conflicting info on this topic in regards to flips, ca...