1031 exchange mortgage note
What happens to mortgage note during 1031 exchange.Im thinking old is paid off, but looks like entire sale transfers.Therefore do I need to acquire a new mortgage for my present debt ?
1031 Exchange Advice
I'm looking to do my first 1031 exchange in the near future. Does anyone have a recommendation of a broker to help facilitate or experiences/advice or do's-and-don'ts on how to Do It Yourself?
Are International Investors Eligible for 1031 Exchange?
Are International (non-citizen) Investors Eligible for 1031 Exchange?
A quick google search will tell you "yes, but its complicated." Does anyone know the intricacies/have experience with this?
Capitol Gains Question for Reinvesting
My husband and I are very familiar with investment properties- we own several rentals, but are looking to start flipping this year and hopefully make a career out of it. I’m trying to become more knowledgeable on... View more
Exchange- Joint tenants to community tenants wros vesting change?
We are closing on our replacement properties of a 1031 Exchange. In the relinquished property our vesting was as joint tenants (we were young and newly wed and did not understand the differences). Many decades later... View more
1031 exchange and seller financing?
I am under contract on a 24 unit property. The seller currently has a mortgage on the property. He has offered seller financing as an option for us. One issue we ran across is that an appraisal might not come back... View more
Settlement documents questions in my 1031 exchange
Hello all 1031 experts!I'm going through the settlement documents that the title folks emailed me. We will have to sign the documents and fedex them for settlement on July 20. I already found that they gave me the... View more
Replacement properties list
I have an exchange open where I relinquished 5 properties and put all the funds into an exchange. Do I get to identify 3 per property relinquished, or is it 3 for the exchange in total?
i think it is 3 per property... View more
Will we get another 1031 Exchange extension?
Earlier this year, the IRS issued guidance extending the time periods for individuals currently in a 1031 Exchange due to the Coronavirus pandemic. IRS Notice 2020-23 provides that those performing time-sensitive... View more
REI Tax Recommendations?
My mother in law is trying to decide if she should sell her condo in Santa Cruz, CA or keep it and rent it (and live with a friend). She needs help understanding if/how she can avoid/reduce capital gains and how... View more
1031 Replacement Property Strategies
If you are doing a 1031 Exchange, do you notify the seller that you are paying cash as part of a 1031 when you put in an offer? Does this put you at an advantage because sellers like cash and don't have to worry about... View more
1031 exchange as an FHA buyer
I am under contract to purchase a duplex via FHA financing with an agreed upon closing date of today (7/13). Friday (7/10) my lender contacted me because the seller is attempting a last minute 1031 exchange which may... View more
Which Banks/ Credit Unions will do a HELOC on investment property
Hello,Does anyone know any banks / credit unions that are doing HELOC / equity line of credit on investment properties?I know First Tech and PenFed are, but they both have a limit of 4 financed investment properties,... View more
1031 Capital Gain Questions
Folks, hoping someone can clarify a few things about deferred gains for me. I'm in a 1031 as of a few days ago and I'm trying to figure out how much capital gains I would be liable for if I decided not to actually... View more
Seller looking for 1031 into REITS (DSTs)?
Does anyone have any experience with doing a 1031 exchange into a Delaware Statutory Trust?Background: I found a potential off market seller. Older couple thinking of selling there duplex. One thing holding them back... View more
Should I sell the property under 1031 or not?
Okay I have a little over 200k in equity on my first rental house. I plan to use the equity to jump into a larger complex. I have looked up and studied 1031 exchanges for a while now knowing I’ll be selling when the... View more
Know A Good DST Company ?
So I've gone through the entire 1031 Exchange Forum and there are very few posts on DST Companies. I am a complete novice at the entire Real Estate game. (I inherited partial ownership in several buildings more than... View more
Capital Gains Strategy Question
I purchased my personal residence about 12.5 months ago with personal non-business funds. I want to sell my house and use the proceeds to purchase a Duplex which I can use to House Hack. Will I be subject... View more
1031 exchange: multiple parties, one property
Hypothesis:Party 1 owns an investment property and would like to sell and purchase a like-kind property. Party 2 also owns an investment property and would like to purchase a like-kind property. Both parties would like... View more
Multiple LLC 1031 Exchange
I currently have a rental portfolio with 25 SFHs in 1 LLC. Next I plan to purchase more property but will put it in a different LLC so that all my assets are not in 1 basket to reduce risk. Down the line when I want to... View more
1031 rental to a 2 unit property and live in one?
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... View more
1031 exchange into property owned
Tax people! Here's something I would love assistance with. I'm trying to get creative here and wonder if there is any possibility to what I am trying to consider. Currently, I own 2 rentals. One SFH, one six plex. The... View more
How do you avoid paying taxes in canada with real estate
I hear about all these ways to avoid taxes in America with tactics such as 1031 exchange but how do we do that in Canada.
1031 Exchange into a rental and then primary residence?
Hey guys,We have a friend that just sold a rental property and made $120,000. His plan is to 1031 exchange it into a rental in another location. After two years, they want to make this their primary residence. Is this... View more
1031 Exchange and Vacant Land flipping
Is it possible to utilize a 1031 Exchange for vacant land? Specifically can I use a 1031 to move from parcel to parcel? Also, what is the interaction between owner financed land and a 1031 exchange? Finally, how many... View more