You will get credit on your US taxes, however, for taxes you have already paid in Mexico.You can 1031 exchange after selling as long as the property you buy is outside of the US.Don't consider this as legal advice.

My understanding of a 1031 is that you have to own a property a year and a day in order to roll the equity into something else. 

In order to sell one of the units, you would either have to pay off the loan or get the lender to agree to release the deed in exchange for a partial payment of the loan.

I invested in St George UT and recently exchanged those 2 LTR for STR here in TN.

Are you buying below market value, are you investing in D class neighborhoods and just doing the added work in exchange for the added profit? 

Feel free to DM me to exchange some market secrets though :)

Hi all,

This is my first post on BP, and I hope to get some good feedback on a proposed transaction.

I have an opportunity to purchase a home in a nicer section of DC; what makes this an unusual opportunity is tha...

Here is a basic contract I uploaded to Bigger Pockets that exchanges additional time in the property for later leaving the property in relatively clean condition.http://tinyurl.com/86ehwurI would use this contract also when I was busy rehabbing other houses and I knew I had a bit of extra time before I'd be able to get to the occupied one.Now with all of this said, I do not recommend trying this with a foreclosed owner who is furious and combative.

To simply say manage is a broad scope of business but is also rather limiting as you may want to buy and immediatley sell a property sometime, that may not meet the scope of business to be conducted and thereby lose the benifits of your LLC if something blows up in such a transaction.Just saying, I prefer to cover the bases specifically, buy, sell, trade, exchange, construct, repair, improve, demolish, develope, lease, sub-let and manage, borrow, advance or lend money and to do all other things necessary and/or related thereto as allowed by law.Doesn't mean you must do those things, just that if you do, it is within the scope of your regular business to be conducted.

it's kind of funny because when I was a renter, I ALWAYS got reduced rent in exchange for doing work on the property - I've put in tile floors, done plumbing, painting, treework, landscaping, you name it...