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Results (10000)
Heidi Wallingford REI anyone want to help walk through this with me?
26 June 2018 | 3 replies

Hello - A property I've had my eye on for a while just came on market in my area, it's bank owned. Back taxes are $16K. Asking $350K, 1800 SF; definitely needs $100K+ reno, really could use a gut reno, although roof l...

Chris Redmon Rental Income Tax Makes Me Hesitant...
9 October 2018 | 6 replies

Hey everyone!This will be my first post so i apologize if its being stuffed in the wrong area of the Forum. My name is Chris, I just purchased my first home at 26 as a personal residence. Ive always been a believer in...

Jonathan Berry Questions for a CPA - Selling Personal Property and Tax Liability
4 September 2018 | 1 reply

I have what I think is a two-part question.  So here is the scenario and hopefully it makes sense.If someone were coming into money from the proceeds of their primary residence (qualifying within the 3/5 years occupan...

Dustin Dummer 1031 Exchange Question
5 July 2022 | 5 replies

I found an interesting deal for a lake home that could serve as a primary home with 2 apartments below. I’m considering purchase options. 
Option 1 - I can sell my primary home and purchase the lake home.
Option 2 -...

JP Krueger Question: 1031 exchange
8 May 2019 | 10 replies

Can you like-kind exchange a 3 family the owner is living in to a 2 family that the owner will live in?

Chris L. Cost basis on discounted property
18 May 2019 | 5 replies

If you did a partial sale/partial gift purchase of a business from your parent and the purchased and gifted portions were discounted( lack of marketability and lack or control discounts)..... If you paid 350k for 51% ...

Maria D'Aura 1031 rental to a 2 unit property and live in one?
3 July 2020 | 5 replies

Can someone educate me on the guidelines and help me determine if this option is possible? I'm looking to understand what the determining factors are to decide if it fits a 1031.I'm selling a rental condo to 1031 exch...

James Sykes Life Estate Deed Question that Cannot be Found on Google
18 May 2024 | 6 replies

Hey Biggerpockets Community!  I have a tricky question that I cannot find any good answers for on the internet.  Big fan of everything you give to our community.  Here we go….So my dad signed over his estate (house an...

Steve Hungerford Can a Residential Property be part Investment(1031) & part Residential ? If so.....
9 August 2023 | 21 replies

Hello,

Here is the scenario. An investment property (residential-rental) that would be 1031 into a bigger more expensive residential property. Part of the property would be used as a primary residence and part as a...

Christopher Ferrouge Q: Owners of occupied triplex seek acreage out-of-state via 1031
25 August 2022 | 7 replies

Hello Fin-savvy friends!  I'll keep this concise because it's complicated (I don't understand it... questions below). Circumstance: Wife and I live in 1 of 3 units within an Oakland CA triplex purchased in 2010.  We w...