All Forum Posts by: Griff Hughes

What I'm asking is can I move just $100,000 of the money to a new property and pull out the initial $50,000 purchase price and use it for something else without it (the $50K) being taxed?

Thanks!

1 Vote

Saint Louis, Missouri

Example case:

Apartment Complex purchased 10 years ago
Purchase price was $50,000
Going to sell it for $150,000 and do a 1031 exchange into another property

Question - can I pull out my initial $50,000 investment tax free?

Thanks.

2 Votes

Saint Louis, Missouri

Quote from @Nathan Gesner:

Quote from @Griff Hughes:

I have a property at the Lake of the Ozarks that I would like to sell. Is it okay put the details in this forum?

Thanks.

You can only conduct business in the Classifieds. Go to "Find Deals" at the top of the screen.

The rules are located in the menu at the bottom of every page:

V - No Advertising or Promotions Outside the BP Marketplace.

BiggerPockets may consider looking for or offering deals, looking for or offering loans, looking for or offering to be a cash buyer, looking for or offering services or any mention of your company, or what your company does or links to your company website, social media handles or email address to be advertising.

Thank you, Nathan.

0 Votes

I have a property at the Lake of the Ozarks that I would like to sell. Is it okay put the details in this forum?

Thanks.

0 Votes

All Forum Posts by: Griff Hughes

Griff Hughes has started 2 posts and replied 5 times.

Post: 1031 Exchange - Can you pull out your initial investment?

Post: 1031 Exchange - Can you pull out your initial investment?

Post: 1031 Exchange - Can you pull out your initial investment?

Post: Is it okay to post a listing for a vacation rental here?

Post: Is it okay to post a listing for a vacation rental here?