I exchanged some land (at the time of sale) for a condo (no intermediary needed). The condo, although a 2 br residence will be used for my S corp. business (I’ve registered it as the new corp. headquarters). Can this qualify as a 1031 exchange? 3 1031 experts, the IRS 1031 expert, real estate agents (2) say so. My CPA says not. What do you think?
Posted in Land For Sale
Tagged 1031 exchange, Br, business, CONDO, corp, cpa, exchange, headquarters, IRS, irs 1031, Land, real estate agents, RESIDENCE, s corp, sale, time
my husband, myself, our 3 kids, and one on the way are all living with his parents in a 2 br house currently. we have found a home that is only for sale for $8000, and we also want to have at least 9,000 more loaned out so we can consolidate our car payment into only the one payment per month- one problem. i am a SAHM so my credit doesnt count, and his is only 484 so we havnt been able to find a lender to accept us. we have tried all the major lenders, and still no luck as to anyone who will accept less than 500 as the score…. does anyone know of one?
i cant find the link for 1st metropolitan mortgage….. can anyone pot it?
i cant find the link for 1st metropolitan mortgage….. can anyone post it?
Posted in Homes For Sale
Tagged anyone, Br, car payment, credit, credit score, Home, home loans, house, husband, lenders, loan, parents, payment, sahm, sale, score, Way
I exchanged some land (at the time of sale) for a condo (no intermediary needed). The condo, although a 2 br residence will be used for my S corp. business (I’ve registered it as the new corp. headquarters). Can this qualify as a 1031 exchange? 3 1031 experts, the IRS 1031 expert, real estate agents (2) say so. My CPA says not. What do you think?
Posted in Land For Sale
Tagged 1031 exchange, Br, business, CONDO, corp, cpa, exchange, headquarters, IRS, irs 1031, Land, real estate agents, RESIDENCE, s corp, sale, time
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