Do not forget that any depreciation recapture income tax liability would be taxable in the year in which the relinquished property was disposed of.Careful Planning Required This short-term tax deferral strategy provides an excellent income tax planning opportunity when a 1031 exchange transaction does in fact fail unexpectedly.

If there is anything we can do to help you out, let us know.Welcome!

You would be suprised how long it take to replace all outlets, switches, and cover plates in a single room as an example.

Most realtor's don't include everything when they do the NOI so watch out.) lets say the NOI is $20,000 then you divide that amount by what you will put into the unit. say the unit cost $250,000 and you put $30,000 down so now you owe $220,000. example would be $20,000/$220,000=.09 or 9% caprate. someone please correct me if I'm wrong.

Or you may have to sell unexpectantly when you had no plans of doing so.

If you are interested I can find out more info on the best value for a 3/2...Lake Wylie is another area that is growing...it will be like lake norman, although there is a house for sale by someone in my office for 350k, it is on lake cove with an outlet to lake wylie, with water access and a dock, it is 2000 sf...I would be surprised if the value didn't increase a lot in the next two years!

In some areas you may have a hard time selling unless it meets CURRENT code, among which every outlet in kitchen and bath, not just the ones close to water must be GFCI.

What if I decide to refinance it to cash out lets say 10k of that equity.

He turned the buildings into apartments and immediately rented them all out. Let

Sure you got to look for the unexpected, but “if” is a big word.