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Updated over 8 years ago,

User Stats

120
Posts
31
Votes
Will Browm
  • Investor
  • Buford, GA
31
Votes |
120
Posts

1031 questions

Will Browm
  • Investor
  • Buford, GA
Posted

I sold a rental yesterday for a solid profit. Though the purchase price was miniscule, it means I sold it well over 3X my purchase and rehab costs. I rented it for four years to one family and the sold it. I bought in cash and sold in my sole owner LLC. I have a lot I own in the same LLC name. I want to build a rental on the lot and keep from paying taxes on the gains. I have the check but I am not sure if I need an intermediary or not. Does anyone know the steps I must take?

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