Hey everyone, I am about to purchase a duplex in North Carolina, and the seller is selling the property as a 1031 exchange. The listing agent told me that I have mention in the offer the seller is doing a 1031 exchang...
Just saw an article on Bloomberg alluding to changes with 1031 exchanges. The gist I'm getting is that the cost basis for the new property will be stepped down to adjust for depreciation on the property that's being ...
I have a client in Reno doing two reverse 1031 exchanges and we've been able to secure some great deals putting out some cash offers (both weren't even countered). I'm curious, has anyone else done a reverse 1031 exch...
Hi I currently own a rental SFR in another state which I used to live in. I have a VA loan on it as of now. I am debating selling the house and buying a small apartment complex or mobile home park.
Is it possible to ...
Hello All,We’re going to sell our triple decker in Rhode Island this year and would like to do a 1031 exchange. Can someone explain how the process work step by step. Thank you very much
Can you purchase another rental property first then sell the other rental property later, but in the same year? Or does it have to be sell one then buy one?
Hey BP geniuses! This is likely a simple answer, but I just don't know it yet. I'm wondering if the 1031 exchange gods and/or goddesses of the universe allow us to sell a SFH (with a garage apartment, but zoned R1)...
Hello,I have been told by my accountant, I can create a 1031 exchange on my own. Go to a bank, open an account and deposit the amount in my account and buying with it another property. Did anyone do it themselves? Is ...
Came across a duplex I’m about to run numbers on. In the description “owners may want buyer to participate in a 1031”. I’ve only heard of a 1031 but have not done one. How does a “buyer”partake in a 1031?
Hi there!An investor with experience in multiple properties advised me against using 1031 exchange because he stated that if the real estate agent knew that the buyer was using 1031 then real estate agent could use th...