I don't have personal experience on this but the attorney's I've heard speak on say that is precisely why you want to buy Subject To instead of Agreement for Sale, Contract for Deed or the other 50 names it goes buy when the Deed does not move.

He is selling wanting to do a 1031 exchange.

Real estate can appreciate overseas but you could still lose money based on currency exchange rates and strength.

This is because the transfer to the LLC is considered a change in ownership, which prompts a reassessment based on the fair market value at the time of the transfer.Admittedly, property tax implications are not my area of expertise, so I strongly recommend consulting with a local real estate attorney or tax advisor for precise guidance tailored to your situation.Additionally, if you need property management services for multifamily properties in Miami, Curbelo Capital Management specializes in this area and would be happy to assist you.Best regards,Diego Curbelo

I am eager to contribute my time and effort to support the work in exchange for the invaluable experience and knowledge I would gain from the experience.Thank you,Rijul Gupta

I am eager to contribute my time and effort to support the work in exchange for the invaluable experience and knowledge I would gain from the experience.Thank you,Rijul Gupta

As far as outcomes... the goal would be to simply make quality connections with people and exchange some form of contact information with those quality connections.

If this is the case then I don’t owe capital gain taxes because I paid more to purchase and renovate the LA property than what I didn’t spend in the 1031 exchange?

I’ve considered selling a property later this year that has $240k in equity to buy a quadplex using a 1031 exchange.

I only plan to hold it for another 5-7 years then I’ll 1031 Exchange it for another property.