Can someone please explain how a 1031 Exchange works?
I have been exploring the opportunity for 1031 exchanges in this market being that prices and rates are fairly high. I think the best approach to real estate investing in this market is to exchange your rental propert...
Is it possible to do a 1031 exchange on a property I wish to owner finance, after say 3 years. This way I can minimize the tax in the short term and give me some time to find the next deal, and also let's me defer t...
I’m wondering if the IRS has anything to do with deciding who's an accredited investor or what agency does make the determination.
And if after all the work Can this be used to deny 1031 approval?
Also what % of 103...
So there has been rumblings of the current administration trying to find additional tax savings anywhere they can.A crazy notion has been to look at doing away with the 1031 exchange. This goes against every founding ...
Hi All,I am thinking to sell my old property. For example if my property sells for 300k I have to pay 6% to realtor which leaves me at 282k. Out of 282k how much taxes I have to pay right away and how much taxes I ha...
I called few banks for a loan where I could use the proceeds of the 1031 exchange as a down payment. However, several banks including QuickenLoans and Wells Fargo appeared to be wondering whether I can get a loan beca...
We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX. Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.However, given t...
Heres the scenario:Selling our first rental property, currently in contractPlan on doing a 1031Would like to purchase a single family with hard money, perform a rehab, rent it out, and refinance our money out.Is this ...
I sold my primary residence/investment triplex last August 2022 and purchased a property through a 1031 exchange. I used $250k (personal exemption for the primary residence portion of the sale) and then $250k (in the...