All Forum Posts by: Tillman Maclaskey

We should be able to use the 121 but will still need the 1031. We're currently waiting for the environmental to be done. When that is complete and not an issue I was thinking that would be the time to start getting properties under contract pending our close. Ours is a cash purchase and so we will be purchasing all our properties as cash deals, to utilize the 1031.

Thanks for the input. My (good) problem is that our roi was 20 times our original price for our property. We have lived and worked from this property for 20 years. We have an ice sculpting business and an event venue on the property. We wish to re-create this in the Austin area and buy some rental properties for a passive (?) income.

Ellis and Paul, thanks much for the tips. I'm reading the forums to try to gain as much insight as possible. Any recommendations for property mgmnt info?

Hey every one. My name is T Jay Maclaskey. My wife and I bought a 40 acre property we lived on and based an Ice Sculpting and wedding venue business from for 20+ years. The city has moved our way and we are selling it to move to Austin/Hill country to be near our daughters and re-create our business. We'll be looking to add rental properties to our portfolio and set up the business' as legacy's for our daughters. Not so much work with some income. We are checking into a 1031 to defer as much tax as possible so will be buying a lot in a flurry of activity. We have a good real estate agent and a 1031 agent. Any advice or help will be appreciated.