Gp G.
Selling property and 1031 exchange
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...
Jackie F.
From Primary Residence to Rental - Tax Implications?
I know I can ask my tax accountant, but wanted to get a general feel for what I am thinking of doing.This home was my primary residence for 3+ years then it became a rental for the past 1.5 years.How does the capital ...
Cole Stephens
House Hacking w/out utilizing investment property tax benefits
Hello, long time reader, first time poster. I have a question regarding a house hack strategy -- I apologize if it has been asked before, if there is a similar post please link it & I will utilize that as a refere...
Russell Johnson
Seller doesn't want to pay capital gains tax on rental.
Hello BP. I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us. He didn't balk at the price but told me tonight after a conversation with his a...
Pearce G.
Cash on cash calculation question
Let's say I'm flipping a property. My all-in acquisition/repair/holding cost was 80K.
Ignoring selling costs, let's say I sell it for 100K with seller financing. And I require 10% down with the rest financed at 5% ...
Dylan Baxter
Determining eligibility for a Partial Exclusion of Gain
My wife and I have lived in our current home since 12/15/2020. I bought the house before we were married, but she has lived with me since day one, which is documented on the insurance policy. She is a physical therapi...
Ian Middleton
1031 Holding Period
I looked for the answer to this question in the various threads but could find an unequivocal response, so for the avoidance on any doubt here is my situation/question. I purchased a fixer property for all cash aroun...
Patrick Laffey
Tenants wants to add 3rd tenant to 1br unit
I have two tenants that are pretty good tenants but don’t have a lot of money. The end of the lease is coming in a few months and they keep asking to keep the rent the same price because they can’t afford much higher ...
Tom Tippmann
1031 in a nutshell
Hey BP,
Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom
Account Closed
What is a 1031 Exchange?
Can someone explain to me how a 1031 Exchange can be used to fund a deal? What are the advantages?