All Forum Posts by: Jon Taylor

The key requirement for a 1031 exchange is that the taxpaying entity must remain the same. If the LLC is a single-member LLC, it is considered a disregarded entity for tax purposes, meaning the taxpayer remains the same (under the same Social Security number) and there would be no reason to change title prior to the sale. Make sure to consult with your CPA before making any changes.

I've done a bunch of 1031's in VA. Happy to help. I'll DM you.

How did the unaccredited investor access the 506(b) syndication initially? Was it inherited?

If you own real estate in a self-directed qualified account, the 1031 exchange is unnecessary. There is not a taxable event to you on the sale.

Not good. 

Not surprised. 

Campus housing has been under tremendous headwinds for the last 4 years.

These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.

So sorry to hear about your investment.

You can absolutely 1031 from the SFR into 3/4 of the MFR.

You need to replace the next value of what you’ve sold with new net investment real estate value. 

In the case of a multi-unit, the units you rent will be considered investment property 

*I am not a CPA, so trust but verify :)

The critical factor is whether the property owner can demonstrate that the sale or settlement was made under the threat or imminence of condemnation. This is often achieved with written documentation, such as a formal ROW request from TxDOT or other correspondence indicating that condemnation proceedings were possible if no settlement was reached.

@Dave Foster is absolute right!

I have a calculator (semi-ugly but effective excel sheet) I use to look at the numbers on all 1031 exchanges I’m considering.

Let me know if you want help with the calculations

What is the tax basis?

When did you buy the property?