Does replacement property have to be "held" long term or can you improve the property and do another exchange "equal or better" ? Isn't the intent of the law to continue your investment and therefore you are merely ...
I have owned my duplex for 2 months in Ventnor, NJ and I have since renovated the 2nd floor apt one and I have refinished hardwood floors throughout. Presently, the duplex is bringing in $2100 monthly for both units....
Has anyone heard about the “Mobile Homer” model of mobile home investing?I downloaded a free e-book which gives a pretty thorough explanation about the program. It seems to be geared towards partnering mobile home inv...
Here’s the hypothetical situation:I sell an investment property for $1.5mm. Then 1031 to buy another investment property at $1.0mm. Difference of $500K.1. Can I use the $500K difference as a down on a second larger p...
Hi, All,Question- can you find another investor with a property similar to yours and do a quit claim deed to each other to restart the clock on depreciation/do an easy 1031 exchange for tax benefits?
my partner and I have a small portfolio together as a joint venture. one of us is looking to exchange the sale proceeds into a 1031 the other is looking to just cash out. is this possible?
Hello all, my name is Jayrel. I am from Virginia, Hampton Roads area and soon to move to Denver. 28 yrs old. I am a newbie to RE. I have been reading BP religiously for the past week. I enjoy the wealth of knowledge u...
Hi,I am a long distance landlord located in Boise ID. I have a property SFR in Phoenix area which is currently rented out. It cash flows $450 per month after management, mortgage, taxes, insurance but excluding main...
Hello BP community, I was wondering if anybody has had a recent experience with Kolodij Tax And Consulting. This would be my second year working with them. I uploaded all my documents for 2020 income taxes to their po...
Hi, everyone. This is just to get a sanity check on an idea. After paying off the debt owed on a property I will be getting $7.6m in six months and am considering using that in a 1031 Exchange as a down payment on a $...