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1031 Exchanges
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Updated about 4 years ago,

User Stats

6
Posts
1
Votes
Richard Tibbetts
Pro Member
  • Investor
  • Haverhill, MA
1
Votes |
6
Posts

1031 exchange help near amesbury ma

Richard Tibbetts
Pro Member
  • Investor
  • Haverhill, MA
Posted

Never complete a 1031 exchange, looking for help near by. (Amesbury MA)

Situation

My 3 family has an accepted offer of $660,000 (pending bank approval)

I paid $380,00 and owe $336,000.

I have 56,000 in depreciation that i have claimed and will need to account for.

The potential replacement property will cost $330,000.

Do i have to invest all of my gains into the new property?

Will i be able to pocket anything in this transaction?

Who is needed to complete the 1031 exchange?

Any help is appreciated, thanks for everyones time.

  • Richard Tibbetts
  • Loading replies...