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I would like to sell a property we own for $175k and use the proceeds in a 1031 to buy a lot with an abandoned house, tear it down, and build two duplexes values at 375k together. Is this possible to do within a tradi...
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Question for any 1031 experts out there (cc: @Dave Foster).I'm looking to sell a free & clear property and want to do a 1031 with the proceeds. Would it be prohibited for me to purchase the replacement property an...
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This is a question for experts like @Dave Foster, I have someone interested in trading a property I have for another property straight across. Mine is a nicer property but much smaller. I suspect the difference in v...
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About to list a multi family that is in a trust and the plan is to 1031 into a bigger property out of state. Now of course my family can go straight on our own with the proceeds into a property BUT can we also go into...
I’ve been quoted $5k to have a cpa tax attorney (firm) crunch wife and my numbers to determine possible cap gains on sale of rental. They’ll determine best route in how to essentially to pay the least amount in capita...
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Is it possible to sell a rental and 1031 into a lot that you intend to build a duplex or four plex on? The new property has to cost more than the sale, and it will would when built, but it won’t as an unimproved lot. ...
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I need someone that can help with doing exchange 1031 in the DFW area. Thank you!
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I would like to have a new rear porch built on my three-flat in Chicago. It is about 8'x20' per floor. I am looking to get an open wood porch (or perhaps metal). The work would involve removing the existing porch, ...
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Let's say I sell a property that I have owned for 10 years and then use the 1031 Exchange method and buy another property of the same type. Does this method wipe away all depreciation recapture taxes for the property ...
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Hi Everyone, for the past three months since I have graduated I have taken baby steps in learning how to become a Real Estate Investor (listening and reading BP podcasts/books & real estate podcasts in the Chicago...