A 1031 is possible, assuming you held the property for investment, but the IRS would assert you didn't hold it with the intention of investment, if it was a flip.I would be happy to answer any other questions you have, if you drop me a note.  

I have no factual basis whatsoever for this assertion, but I think something will hit consumer confidence and slow things down since there aren't any real systemic issues that anyone has found.

By forming a well-rounded view of what home flipping entails before you get your feet wet, you may be able to avoid the usual pitfalls.

I wasn't under the impression that government officials generally make a habit of confirming or denying assertions made in random forum posts made on the Internet?

But I would assert that inflation is a given, the appropriate timetable to assume is not so clear - But, I would venture to say that we will begin to see such pressure within the next 3 years.

If you (or anyone) wants more details, send an email to me.A Comprehensive Wealth Management plan:1) creates and grows wealth2) protects and preserves wealth3) plans for the efficient distribution of your wealth during your lifetime4) plans for the efficient distribution of your wealth after your lifetimeThese steps entail the use of insurance and legal and accounting professionals.

The mortgagor would assert laches as a defense.

You don't want some 70 year old dump to be holding a 100 year old fixed place in what will probably be a worse location.Buy good properties in good locations, if you're going to hold to the day you die, don't go past a 10/15 year old property, but it's not really a good idea to hold residential properties that long, change out your inventory to keep up in good areas.Last week I made a post about what holding entails long term, bottom line, don't get caught up in some has been area as your wealth starts going south, rents run with inflation but held back to income levels of lower income tenants......not a good business model. :) 

Some of this was clearing the assertion that the property appraiser made that the sale was unqualified, ie. not an arms length transaction, which it truly was.I'm expect much depends on your locale...but here at least...I found the county officials willing to listen to reason.  

Bogdan,Do you have any data to support this assertion, or is it just your feeling?