Bill Exeter
GOOD NEWS! HOUSE WAYS AND MEANS COMMITTEE MARK-UP RELEASED
GOOD NEWS! HOUSE WAYS AND MEANS COMMITTEE MARK-UP has been released. At this point, here is what we know:
1031 Exchanges were NOT included in the mark-up, so no changes to 1031 Exchanges. The step-up in cos...
Christine Krizenesky
Using Personal HELOC to buy a flip house
I recently used a personal HELOC to purchase a flip house then rehabbed and sold the house. I decided to use a 1031 exchange for the tax advantages and our accountant told us we can’t use any of the proceeds to pay ...
Jordan L.
How do you delay taxes on capital gains on a property
Okay I have been listening to the podcast and quite of few people say Rich Dad Poor Dad is there favorite read, Now I had this book for years tried to read it but never got into it, But for some reason yesterday I...
Veronika Von
CD then Refi planning 1031
Hello, Currently in a process of refinancing a property we had under CD for couple of years with seller financing (owner still have mortgage in place). Is that true that you can not collect any money at the closing? O...
Yatin G.
Need help with basic 1031 exchange
Would like to 1031 from LTR into a bigger STR. Is there someone that has done this , knows some intermediary that can help, cost , fees etc. Would love to discuss strategies with a like minded investor/ individual. Le...
Johnson H.
1031 Exchange $126 Million Fraud Scheme
This is a pretty crazy story of one man using the escrow accounts of 1031 exchange to fund his lifestyle. Only after $126 million later does it all come crashing down. The conman never admits to fault! Many lost thei...
Chris Lawrence
Buy & Hold Condo or Sell
I currently have (1) rental property. It was my primary property for (3) years. It is a condo which is currently appraised for 80k and I owe 55k ( 15 year mortgage @ 3%). I have a great tenant who is going to sign ano...
Ramiro Rodriguez
When do you pay the taxes if you 1031 and end up paying off the mortgage?
I am considering a 1031 Exchange when we decide to "move up" in home in the future. If we 1031 Exchange and end up staying in the home a paying off the mortgage are the deferred taxes due the day you pay off the prope...
Jorge Martinez
1031 exchange cans and cant's
Hello Everyone,I was wondering when it comes to a 1031 exchange, can I take the money from the 1031 and use it to pay off my mortgage on my primary residence and then take the rest and buy another property?Someone men...
Tereal Wilsonn
Selling a Rental in a LLC with Partners, 1031 exchange?
Selling a Rental in a LLC with Partners, 1031 exchange?Bought a home with family in 2013 for 5k in midtown detroit, we held it rented and now the market has turned and we have an offer of 150K, i have a huge stake in ...