Presidential Biden has rolled out his proposed tax plan with two major pillars that will impact real estate: 1) Elimination of the 1031 exchange provision 2) Elimination of long term capital gains.
I understand there is a time limit of 45 days to identify 3 properties; and 180 days to close. I have few questions on this. 1) the final replacement property should be from these three ? some where I read that value ...
Hey there- I bought a deal six months ago that has greatly appreciated, and I have a buyer inquiring. If I get the right offer, I think I could sell this one and use the proceeds to buy a STR that cash flows $700/mon...
Hi all,I'm considering selling my SFH rental property in Parker, CO via owner financing and 1031 exchange. As some of you may know, CO is currently in a HOT market and Parker continues to grow steadily as a suburb in ...
Hello, I am looking for a Looking for recommendations on multifamily specialist realtor in the SF Bay Area. Preferably with 1031 exchange experience.
Thirty years ago, my mom and dad purchased a 30 acre piece of land in Huffman, TX with my 2 cousins. They paid $40K for it total. My parents put down the $20K and my cousins paid off the rest in payments.The title/dee...
Hi, my name is Austin Bradford. I am 22 living in Wichita, Ks. I'm currently still going to school but I am looking to get involved in flipping real estate. I have been reading and listening to anything I think can be...
I spoke with someone that couldn't find a replacement property that "fit" into their investment criteria. So I said its probably best to just pay the tax.If an investor overpay a ton, just to save on taxes, most likel...
Hi BP, close to two years ago I quit my full time job and started flipping houses full time. I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in...
Anyone able to shed some light on how you personally figure in the savings of interest expense and depreciation on your investment? I have heard a ton about cash flow, but there is the other great tax benefits, altho...