It’s rare that I have a real estate question that doesn’t return useful results on a simple search in BP.This doesn’t.So here’s my situation:I’m closing on a duplex tomorrow.I went under contract on it 6 weeks ago.However,I recently found last week that I have other pressing needs for the cash I was going to commit for the downpayment.So 3 days ago,I asked my agent to list one of the other properties on my portfolio for sale in order to raise that cash.Except that I suddenly realized I could have done things in the exact reverse order and just 1031 exchange the properties while holding the cash I will now be wiring tomorrow as downpayment in the duplex purchase for my other liquidity need.I called my attorney.He says there’s actually something called a reverse 1031.But he’s not sure if things can be arranged in time now since the duplex closing is tomorrow.Has anyone else done a reverse 1031?

Account Closed In Canada we do not have long term mortgages - you will be hard pressed to find anything longer than 7 to 10 years and silly to pay the premium for such a long term.  

Mitch,There is a lot of misinformation in the financial press about the capital gains exclusion when a rental property is converted to a primary residence prior to sale.

The husband agreed this would be a good idea, and mutually beneficial, and said he would talk to the wife.I then met the wife, and I didn't speak with her about my idea to list their home under my account because we had more pressing things to discuss and her husband was scheduled to talk with her about it. 

Nice work Josh...the more press the better.

You'd be hard pressed to get hard money that fast.

The wood will expand(esp if over concrete, which is common in FL with slab on grade foundations, since it gets a little moisture coming up through it) and the expansion gap wasn't large enough so when it presses up against something it buckles in the easiest direction: up and away from the tile.

Your going to be extremely hard pressed to get acceptance of those kinds of discounts at the present time... still a sellers market from my perspective. 

If you press the issue, and notify the caseworker, it is their discretion that decides if payment will stop or not.

Positive press coming out all the time, just this week:http://www.richmond.com/news/local/city-of-richmon...