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Updated about 3 years ago on . Most recent reply

John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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1031 Exchanges

CPA Responses Please

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted

My local CPA friend HATES 1031 as well as cost segregation. So, what are the downsides to doing a 1031 exchange? Are there any particular don'ts that would have a negative impact later such as borrowing a lot more than the sale (trade) price? TIA

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Jon Taylor's profile image
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Jon Taylor
  • from Pasadena, CA
  • Member since Aug 26, 2019
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Jon Taylor's profile image
Jon Taylor's profile image
Jon Taylor
  • from Pasadena, CA
  • Member since Aug 26, 2019
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Jon Taylor
  • Pasadena, CA
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Jon Taylor
  • Pasadena, CA
Replied

1031 in general is a powerful tool for all RE investors to absolutely take advantage of. There are loads of CPA's on this forum who would advise. If you need a recommendation (I am NOT a CPA) DM me and I'll pass a long. 

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