Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

71
Posts
67
Votes
Tj M.
  • Real Estate Investor
  • Reno, NV
67
Votes |
71
Posts

Would you ever not do a 1031 exchange?

Tj M.
  • Real Estate Investor
  • Reno, NV
Posted
So I sold a house for $250k and my tax guys says I will owe $20k in taxes. I am trying to do a 1031 exchange but would you buy a property that's not really a good deal to avoid the taxes. I have 2 duplexes lined up that together would cost about $240k but both need roofs and some maintenance. I have already identified them per the 45 day rule because I was not found anything else and these popped up last minute and I was interested in them. I think they are worth about $100k each. What do you guys think I should? Buy them or pay taxes.

Most Popular Reply

User Stats

35
Posts
19
Votes
Justin Jarboe
  • Real Estate Agent
  • Worcester, MA
19
Votes |
35
Posts
Justin Jarboe
  • Real Estate Agent
  • Worcester, MA
Replied

Pay now or pay later, either way the piper gets paid...

Loading replies...