The 1031 Exchange: Your Best Investment
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what about the fact that you have to purchase a piece of property that is of equal value or higher to that of the one previously sold? that is a pretty big deterrent, especially if you are not the type of investor that wants to make larger purchases each time. i disagree with him when he says that as long as you dont have to give it up, then you're fine. factor the freakin capital gains tax into your deals people, come on.
frequencyjones 2 years ago
Obama plans on taking away 1031 exchanges. This info comes from Obama's camp. It's how he's not going to raise taxes (hah - taking away tax breaks = raising taxes) This is part of how he plans to do his Robin Hood administration. What's going to happen to the economy when he raises taxes on businesses who are already heavily burdened? What's going to happen to those people who won't have jobs because the companies won't be able to pay them anymore?
catttaylor 3 years ago
So you can use the funds to leverage the next property, is that all of the funds must be used for the next purchase, how do you get cashed out?
stitches8675 3 years ago
Get a few minutes into and the you get great information! thanks!
ewysplayhouse 4 years ago