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Updated about 3 years ago, 10/28/2021
1031 exchange and another questions
Hello to all friendly members on this forum !
I have rental property, which I want to sell, but ....
gain taxes.
In my case it is exeptionalyl painfull, because I obtained this property
as the part of divorce settlement and I am older person now.
I already spent a lot of money for professional consultations
, it helps but not to the end. ( lack of preperation from my site)
I am in the process now to educate myself , as much as I can about 1031 exchange option.
I want to be able to ask right questions during next expensive meeting with the lawyer or
CPA.
What I am looking for over her, for precious help....
I am looking for recommendation of the websites which offer help with 1031,
and this is their business,
they do not require the client to be accredited investor
they provide the listing of properties for sale
and what very important, they provide at least closely estimated analysis
of the deal. ( price, rent amount, property taxes, other costs etc)
After my investigations , I am the most interested in rural California,
or Atlanta Georgia, or Charlotte North Carolina.
During my searches I found website of type I am looking for, I think it was Atlanta,
their listing was very limited, but provided this analyse.
but I did not save it ( did not realized how preasure it was) and can not find it again.
So please, if someone went through 1031 exchange process, please share the websides
which helped to find the right property, even better if they manage rentals.
My case is so pityful, so the cost to even higher limits is wort it.
Thank you very much eva
P.S:
My expectations, with flexibility
To have at least 600k from the sale
take 120-150 k cash ( pay taxes on this amount)
Invest in 2 sigle family houses
To have close to 2k cash flow from the rent
possible ? or the dream ?
PLEASE HELP