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Updated over 6 years ago on . Most recent reply

User Stats

124
Posts
22
Votes
Walter Correia
  • Lender
  • Charlotte, NC
22
Votes |
124
Posts

What is the best way to sell a property to avoid taxes?

Walter Correia
  • Lender
  • Charlotte, NC
Posted
I am planning on selling my investment property, however, I absolutely need to invest the proceeds. I would also like pay off debt in the process as well. What is the best route to take? 1031 exchange? Or take the proceeds and invest later? Here are the numbers: Loan on the property: 262k Value: 365k Depression recapture 18k.

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