Longhorn 1031

Let’s address a situation where the mortgage or debt on your replacement property is lower than the mortgage or debt you had on your relinquished property, what would happen then?…..

Let’s address a question about when your partner is unable to sign on behalf of the entity, what happens then? Let’s say one of your partners, named T, passed away….

Let’s address a very common question that arises after you purchase your replacement property, let’s say you’ve recently completed a 1031 exchange.You sold your relinquished….

Let’s address the question of whether you can do a 1031 exchange on your second or vacation home in Houston or Galveston, Texas or frankly in any one of these United States. While a primary residence cannot be used in a 1031 exchange as per the Internal Revenue Code, vacation homes and second homes may

Now let’s address a situation where you own a property, in Houston, Texas, under an entity with three other partners, let’s say your name is J and your partners’ names are S, A, and K and the entity’s name is JKSA LLC. The property is about to be sold and you and K would like

  To address a very common question regarding 1031 exchanges, the question comes up that: Can I do a 1031 exchange and purchase the replacement property from a relative or from an entity that I hold some interest in?   Well, selling a property to a related individual is, generally, not an issue with the

When doing a 1031 exchange, a lot of folks tend to explore different avenues of acquiring replacement properties in a manner where they could get at a “lower than market value” price and do a fast closing and they turn towards purchasing properties at a foreclosure event. Then the question ends up being, can they

Suppose you sell a relinquished property for approximately $300,000.00. Can you purchase a replacement property that is valued at $250,000.00 using 1031 exchange proceeds?   Yes, you can, although the replacement property must be equal or it should be higher in value from the relinquished property. It is possible to do a 1031 exchange and