I'm new to this forum and appreciate your help. I have a second home we have owned since the mid 80's. I have two questions on a possible sale trying to avoid as much income tax as we can. 1. We had a fire at the ...
Hi all,Long time reader/first time poster. A family member owns residential rental property in an S-corp which owns several rental properties. One of those properties has been sold with the funds from the sale curren...
hello, im doing my research on the 1031 exchange...
my #'s: i purchased a 3 family for $215K and owe $209K...i put $30K into it and have it under agreement for $300K
when the atty sets up the 1031 and we close on th...
I have been trying to do some research on this question..... if I sell some of my single family houses could I exchange (1031) and purchase a storage unit business/property? Would this be acceptable under the new rul...
Hello everyone! We just went under contract for a property for $425k. I'm trying to decide if I should just use my cash for a downpayment or 1031 one of my properties for the downpayment. The one I'm thinking about 10...
Hi BP Community, Has anyone had any luck getting a loan on a 1-4 unit property purchased as an upleg to a 1031 improvement exchange. The difficulty seems to be that the QI requires the loan to be non-recourse to them ...
Are you looking to grow your real estate portfolio and build wealth faster? There’s a tax “loophole” that allows you to sell your property and roll your equity (and profits) into a bigger and better rental property—al...
I'm struggling with whether I can have my cake and eat it too. Situation:Selling my portfolio of 8 SFR's (6 I have had greater than 1 year and 2 I have had less than a year) for $1,200,000I need to get with my CPA to...
Has anybody heard of Rei-exchange or TMG Ventures which is owned by Tony Schwartz? In this investment you buy shares on an existing real estate contract.
Would anyone be interested in doing a 1031 exchange? I have a client that has 3 single home rental properties in the Orlando Florida area ( 2 are 10 mins from Disney World). Very nice homes. Thanks