Hello Tax pros,I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months  (already had call with IPX) and had a question relating to my taxes on the potential upcoming transaction.  

and would like to do a 1031 exchange to avoid cap gains taxes. 

Looking forward to exchanging more ideas and strategies here!

We both lost out to someone that was willing to give the Seller almost the price they were asking because they were doing a 1031 exchange were they had a substantial amount of cash and they liked the property location.This similar scenario has played out for me several times over the last few years because the market was so hot.

After well over 1000 houses it’s proved it’s worth.BUT if you think sugar coating will work sprinkle sugar all over the conversation. certainly nicey nice communication and unabashed laughter will get you elected but it won’t buy many houses. our product is money and we best not forget that. there’s a power exchange happening in every conversation and the one who blinks first fails unless winning isn’t important.  

It’s a great way to create added value while supporting the local economy.Discounts or freebies: Some local businesses may be open to offering discounts to your guests in exchange for being featured in your welcome book or on your property’s website.Looking forward to hearing from you and others as we share tips on growing and thriving in the STR world.

In most cases, I bring a printed lease when I exchange keys for payment, have them sign it, go home and make them a copy, and then either mail them their copy or drive it back over.

Speak to your attorney but the lease is most likely invalid because there was nothing exchanged. as mentioned i typically either get deposit and security at signing or have language in lease the lease is not valid until that term is met.I would send a lettter noting we have not heard from you and are canceling the agreement.

Just to clarify, I believe you have to actually own the property for it to be your homestead so unless they bought the house they moved into as tenants in common before the marriage, they would have needed to exchange deeds after.

And I'd happily take it, knowing it's above market price, in exchange for my cash back.But if you're trying to pull off a fix-and-flip you need to be realistic.