- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
When does a 1031 make sense?
Posted on 12/14/19 at 11:23 pm
Posted on 12/14/19 at 11:23 pm
From researching, it just seems very hard, risky, and stressful. When would this ever be a slam dunk best decision?
7
Posted on 12/15/19 at 7:32 am to rpg37
When you already have an agreement in principle for the second property.
Posted on 12/15/19 at 7:48 am to rpg37
Why risky? If you can't buy the replacement property you just pay your taxes that you would owe anyway.
If your gain is large enough and you intend to buy another property, I don't see why you wouldn't try one. If you can't buy it within 6 months, oh well.
If your gain is large enough and you intend to buy another property, I don't see why you wouldn't try one. If you can't buy it within 6 months, oh well.
Posted on 12/15/19 at 9:03 am to rpg37
If you’re trying to scale a real estate business, I wouldn’t sell unless I had one of these in place already.
Posted on 12/15/19 at 9:20 pm to rpg37
The upside is huge. Defer gain for years.
IF you have your replacement property in mind, and it's a sure thing, it works well.
You have to have the mindset that it might fall through and you might end up cashing out and paying the tax on the gain now. Don't sell the first property unless you understand that.
IF you have your replacement property in mind, and it's a sure thing, it works well.
You have to have the mindset that it might fall through and you might end up cashing out and paying the tax on the gain now. Don't sell the first property unless you understand that.
Posted on 12/16/19 at 9:16 am to rpg37
quote:
From researching, it just seems very hard, risky, and stressful. When would this ever be a slam dunk best decision?
Why is it risky or stressful? To push to close one property and buy another? Possibly i guess. Yes its about timing.
Its really for bigger players that are constantly moving properties. You are correct you need to plan properly. There's no reason NOT to do it, you are delaying your taxes. So worst case it doesn't work out and you pay them. Outside of that, what's the concern?
Posted on 12/17/19 at 8:55 am to rpg37
Only answer I've got is when transfer and/or liquidation taxes are high.
Posted on 12/17/19 at 3:24 pm to rpg37
When you don’t have the funds for a potentially great real estate investment but have some property you’re not really doing anything with.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News