I have a property that is giving me lots of troubles. Can I buy another property first, then sale this trouble some property and domp all the profits in to the "JUST BOUGHT property and will it quality as 1031 exchan...
Hi BP Community,I'm living in Mesa, Arizona and looking for a 1031 intermediary who is knowledgeable not only with 1031 exchanges but also with business entities. Does anyone have a contact they wouldn't mind recommen...
1031 Exchange: A Strategy to Defer Tax on Real Estate Gains
A 1031 Exchange allows real estate investors to defer the capital gains tax due when selling a property by reinvesting the proceeds into a “like-kind” prope...
For my 1031 exchange, I am purchasing a new construction rental in Florida and it will not be completed by my original deadline. I have been told I should qualify for a hurricane extension. I live in Minnesota and my ...
I currently have (1) rental property. It was my primary property for (3) years. It is a condo which is currently appraised for 80k and I owe 55k ( 15 year mortgage @ 3%). I have a great tenant who is going to sign ano...
Hi BP, I have a borrower that is acquiring a property through a non-performing loan. They are buying the loan and foreclosing to own the property. So initially instead of giving me a deed of trust, they will give me a...
I had a purchase deal fall through when the sellers walked away the day of closing because the funds were not available. I had arranged everything with the title Company doing the closing however they did not follow t...
I own two properties where I live. I may have to move to another state where I have a property there.Do I have to do a 1031 exchange to not pay taxes or can I just sell and buy within the required time frame?Both prop...
We're about to sell our first property and move on to something with better cashflow and I'm considering whether to just pay the taxes or protect the equity with a 1031 exchange. Holding our first property has paid o...
Hello - I'm a real estate investor in Minnesota, and am pulling together a deal to purchase 8 properties that will be syndicated to multiple investors. The strategy is liquidation, but to avoid short-term capital gain...