All Forum Posts by: John Alexander

@John Alexander, Actually the answer is yes. In the sale of a business you may exchange the land/building assets for other investment land/buildings. You may also exchange the FFE for similar class/use FFE. This is more restrictive than the rules surrounding the exchange of real estate.

However, you need to be paying very close attention to the new proposed budget which will eliminate the exchangeability of FFE in a business sale.

Awesome... Thanks for the response that makes a lot of sense. Is there anywhere that states (in a more defined manner) what similar class/use means?

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Newbie to 1031's here. Ive been reading up and ive had difficulty finding an answer. I own a business that I am selling and I will pull out a chunk of money after paying off the remaining debt service. Does anyone know if its possible to use those funds towards a multifamily or other investment property with a 1031.

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@Kerry Baird would you mind sharing the lender you use?

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please send details [email protected]

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Please send current inventory to [email protected]

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Can you send me more info please? [email protected]

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All Forum Posts by: John Alexander

John Alexander has started 1 posts and replied 7 times.

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