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All Forum Posts by: Jason Lee

Jason Lee has started 1 posts and replied 3 times.

Tax, SDIRAs & Cost Segregation

Post: 1031 Like Kind Exchange

Jason LeePosted
  • Posts 4
  • Votes 0

Hello;

I am looking into doing a 1031 like kind exchange.  I have rental property.  I have not sold the property in question yet, but do have a prospective buyer interested who is wanting to speak to the tenant(who wants to stay).

Can I use a real estate attorney (who has never done any previous work for me before) to close the property, hold the funds from the sale, and then transfer funds to the new closing?

The house I am selling will be in a different state from the house I am buying.

Or do I need to find an accountant to do this?

0 Votes
General Landlording & Rental Properties

Post: Minimum Amt. of Renter Insurance You Require for your Tenant

Jason LeePosted
  • Posts 4
  • Votes 0

I don't require renters insurance.  

An insurance agent would be happy to explain coverages to tenants.

0 Votes
General Landlording & Rental Properties

Post: Tenants doing improvements

Jason LeePosted
  • Posts 4
  • Votes 0

Not seen much good come out of this type of situation.  I have seen this give tenants a green light to the whole I can now do whatever I want to the place.  

0 Votes