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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...

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