All Forum Posts by: Amber B.

Thank you.

My husband who is a realtor in TX is trying to sell our rental property.

We are in option period.

Our renter called us today to inform us that buyer texted him to make inquiries about his profession, background check, and credit score.

This was shocking for me to hear because we have been super transparent with buyer and buyer's agent about property, renter's lease etc.

Is this action not a a direct violation of privacy rules and regulations? Do this action not have serious consequences with Texas Real Estate Commission (TREC) for both buyer's agent and his client?

Please advise how I should tackle this so I can protect both my tenant and myself.

Thanks Dave for chiming in to clarify.

Thanks so much Dylan for informative response

Thanks Dylan for the response. I don't know anything about DST. I'll educate myself on it. How does DST help in this case? Pls advise.

Thank you Dave for your informative response and guidance.

1. Hello All!
2. I am considering a 1031 exchange for selling a Single-Family Residence (SFR) in order to purchase either a commercial land/pad site and develop houses/office buildings on it. I have a few inquiries regarding the implications of constructing and selling properties on the land.
   
   1. What strategies can be employed to minimize taxes when building a house on a piece of land and immediately selling it?
   2. If a commercial property is constructed on a pad site and subsequently sold, how can a 1031 exchange be utilized to avoid taxes? Is it possible to create a contract for sale after renting the property for a year?
   3. If I am converting raw land into individual lots and selling them, is it required to hold the lots for a minimum of one year?
   4. How do builders take advantage of a 1031 exchange to avoid taxes on houses they construct and sell immediately?
   5. Any other pros/cons?

     Pls advise.