Can an LLC or S-corp realestate investment co do 1031 Exchange?
I have been buying realestates and have held the property under an S-corp or LLC. I am planning to sell and then do a 1031 exchange. Can LLC/S-corp do this? I have done it in the past as an individual person, but not sure if the IRS allows a corporation/LLC investment firm to keep on deferring the gains.
Yes, as long as ownership stays the same. ABC corp sells, ABC corp needs to purchase. Dissolving entities or changing ownership before selling or after purchasing should be looked at by a tax adviser. A single member llc is considered a "disregarded entity" by the IRS and is the exception. John Smith single member llc can sell and John Smith the individual can purchase.
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I need help with developing my realestate?
I own a business and am trying to develop the property.
What is it you are asking specifically?
Does anyone know the web address for historical realestate records in chicago ILL.?
I’m searching realestate records for a paticular property in chicago ILL. in the area of ridgeway/armitage about the 3800 block of armitage & the 1300 block of ridgeway ave.
The best place to look is with the county property tax assessor’s office to find out about specific properties.
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What does it mean in realestate terms when you look at the Status of a property for sale and it reads P/RES?
PENDING / PRIVATE / PERSONAL RESIDENTIAL
I know what I want, and what I should do to get there, But how to begin?
I just turned 18 and I plan to move out, and begin working towards a successful and stable future. My plans are to attend college and finish with a degree, and then invest in realestate while im working.
I have helped my father for years now, with his realestate investing, (flipping properties) but I am uncertain about one thing. Since I will be living in SF, obviously I cannot buy anything in the city, possibly the state…. How and where do I go about getting a place to makeover and resell for more, I am at abit of a loss here. Any tips or advice is greatly appreciated!
Ahh, but that is what makes you an investor. You need to know where the leads are and then chase them down until you come up with something you like that is reasonable. You might want to start looking at FHA HUD housing.
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