Can I take a 1031 that is in the name of my wife and I, and then enter into an LLC partnership to takedown a property?
I know its of the items National Association of realtors is asking of the government. They are powerful lobby group in Washington and I feel like they could have some sway. There is also revenue procedure 2007-56,...
Hey BP, I need you guys help with a lead I’m working on. The seller has two properties, one is his personal residence the other is a duplex that he rents out. I met with him yesterday, and he expressed to me that he w...
Greetings All -I'm reaching out to this knowledgeable community to gather insights on a real estate topic that's somewhat new to me: property trading. I've been involved in numerous buy/sell transactions in the past, ...
I’m in a situation where I have a 1960 100,000 sq foot commercial property and it’s in need for a huge repair. So my question is do I keep the building or sell and go into a reit?
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,100,000
Cash invested: $700,000
10 unit stand alone apartment complex. All units are 2 bedroom 1 Bath wit...
I'm familiar with the concept of exchanging a property for one of greater value to delay taxes. But, how exactly does the process work? And who is involved in the exchange?
If I have a property under contract, and assign to another buyer for $10000, can I use that money with a 1031 exchange to purchase land/home for myself (or put towards a down payment)? Or can money earned from assign...
BP Family,Seeking some unofficial advice and definitely plan on validating with a CPA before execution. I have a property in Florida that i am trying to avoid paying CGT on. I would like to do a 1031 exchange and purc...
Hi everyone,
I was curious if some of you could share your experience using a 1031 exchange. I've heard that the deadlines are kind of brutal and that there are a lot of restrictions involved. Is this true? And if so...