Profits would be taxed.Look at it as if you exchange one asset, the valuation of your property, for cash and such receipts are exempt, there is a form for losses and amounts received, check out the form.

If a lawyer tells you this is the case, you may offer her the three current properties in exchange for your sole ownership of any new properties.

At the close of the sale, the winning bidder must immediately pay (pursuant to local restrictions) the municipality the advertised amount (or less); in exchange, the municipality will prepare a tax sale certificate in the name of the successful bidder.

I'm familiar with the concept of exchanging a property for one of greater value to delay taxes.

Note; on this deal I have partnered 50/50 with a contractor; he is not being paid for the work; essentially he is renovating for free in exchange for 50% profit, so my labor costs are very low (bringing in subs for some small items and day labor to help, but no large labor costs).

Just wondering if anyone has any guidelines in regards to when its worth it to have a 1031 exchange in certain real estate sales.My current sale is going to have me owe about 35-45k in capital gains tax.  

Hiring a mentor can solve your problem, as the mentor will have the experience and knowledge to look at a deal and determine whether the price is equitable or not.The operative word here is “hire” - you’re not looking to barter your time in exchange for your mentor’s knowledge.

;)An option to purchase is a contract whereby you are exchanging consideration for the option to buy the property at some point.

Have you done any researched on possibly doing a 1031 exchange?

My wife and I have just executed a 1031 exchange, however, all of the properties we purchased are currently listed in our own names.