And you don’t have to pay it back when you sell, you do an exchange.

What happens if you lose on it, you now have an additional liability, not just a loss of money.Are you planning on keeping the current property or exchanging it (1031) into something else?

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

I went with Cornerstone Davis Kangas took care of the 1031 exchange.

I would like to 1031 exchange these properties into investment properties in South Carolina.

This allows us to 1031 exchange post-sale into a new deal, compounding cash-on-cash returns and deferring capital gains.Let me know if you’d like to discuss further!

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

Best way to scale and build wealth is to 1031 exchange and I can help show you examples here in KC. 

Finally, if you intend to conduct a 1031 exchange, it is important to work with a good exchange accommodator and, most importantly, an experienced professional to help you find a suitable replacement property.

A “1031 exchange investor” would be someone who’s already selling something and wants to buy something else.