Hi all - 3 years ago we 1031'd an investment property into 3 DST properties.  At the time we had a $0 balance HELOC on the property we sold.  I just realized the bank still has the $0 balance HELOC open and available ...

Hi All,

I'm looking for a second opinion/potential new accountant to review my situation.  Here is the situation, I sold a property last year that had a great return that I rolled the money into a 1031 intermediary...

I initiated a 1031 on October 18, 2017 (a flip I owned for 4 months), and now realize it may fail.  However, I've already filed a 2017 return.  Will the sale be recognized by the IRS as a short-term capital gain in 20...

As the title says, I'm SO confused. I'll get right to the point: I'm not sure how much I need to reinvest to do a 1031 and how much of a purchase price I need to purchase at. Everything I read says I have to purchase ...

We have a recently divorced applicant wanting to rent a 2bedroom apartment. He has 2 children boy age 9 and girl age 13. He does not have the children full time but he does weekends and other random weeks.I was under ...

A few years ago I purchased an investment property in another state. Although not listed for sale, I recently received an unexpected offer which was enough to motivate me to sell.Now that the contract is about to be s...

Hello,Can someone please explain how I go about re investing money with a 1031 exchange? Do I need an attorney? And is there an opportunity to keep any of the money for myself tax free? Or do I need to put every penny...

My husband and I own 3.5 acres in Pennsylvania. Our neighbor passed away nearly two years ago and he owned the adjoining 10 acres. (Also has a house on it however, it is condemned.) We have been trying to work with th...

Hello, I purchased a distressed house with the intention of fixing it up.  I've received some good offers on it before it's finished and am planning on selling.  I purchased it in November of 2020.  If I sell in Janua...

We purchased our flip almost 2 years ago. Did a complete remodel and held it for 1.5 years. Then rented it out and made good cash flow. We had less than 3k of our own cash in the deal. When the first renter moved out ...