Protecting cash from tax hit with property sale.

[Josh Chappell]

I have a property in the works that could potentially net a big lump some of money on a property sale. As to date, I have not sold any properties, just buy and holds. I am asking for all advice on how you all are minimizing your tax burden on sales and any other advice you might want to swing my way on the subject.  

Thanks in advance!! 

[Dave Foster]

@Josh Chappell, For buy and hold investors the choice of vehicle to mitigate tax for the last 100 years has been the 1031 exchange.  It allows you to sell real estate that has large amounts of appreciation or depreciation and purchase new investment real estate and get to defer indefinitely that payment of that tax.

There's a number of strategies that can be combined with the 1031 to allow you to also access cash and to position your assets most favorably.  And actually several ways exist to turn tax deferred into tax free.  It's really an incredibly powerful and yet simply process.