Hello,I was contacted by my neighbor who wants to buy a house I rent out (we used to live in it but moved). It is my only rental property.He wants to do a 1031 exchange when he sells another property of his and pay c...
Hello all,My husband and I are a bit late to investing, but we know it can help supplement our retirement. We are about 10 years out. I don't think we will ever have enough "doors" to replace an income in this time ...
Hello,Are there any tips to identify the right selling agentwhen selling a property? Is traditional agent better than Redfin? How to go about finding an ideal selling agent to list my property for sale.Thanks
Hello everyone, my name is Luis Marin. My wife and I purchased our second home and what we believed to be are dream home at the end of 2023. We have $400K into the property between Down Payment and Renovation. After l...
What is the best way to narrow down quickly hot areas or good areas where people are buying and selling. This area are considered not war zones but areas that families are interested in buying because of schools, safe...
I'm considering selling a property I own outright (worth 150k) and then, after realtor's fees, using a 1031 exchange to use the return from that sale to fund three or four new houses (30-35k down each). I understa...
I have owned a property for about 4 years. It is not my primary residence and have used it as a vacation property. It's located in FL and the market price for the house is estimated to be $150-175k over what I paid ...
Hi all, I am a newbee on this forum, hoping to get some guidance on my upcoming 1031 exchange.Scenario:I am selling my rental property with a 300,000 mortgage, and expecting to sell it in the range of 1,000,000, i.e. ...
We may have up to 500k in equity in a rental house that we plan to sell. I found a multi unit property in an opportunity zone. Where do I go to find out how the tax deferral works? I’ve read up on it but am a bit o...
Can someone please explain how a 1031 Exchange works?