Keep in mind that to defer all the taxes, the new property has to be at LEAST the value of the relinquished property and the debt on the new property should be more than the debt on the relinquished property, otherwise the difference between the two debts (if you were to de-leverage) would be a taxable long-term gain.

There was an empty lot at the end of one of the cul-de-sacs.

I just signed up for this program, property scouts, andwondered if anyone has had success with it, the marketareas I chose are:  Manage Markets (20) Market Scouts Leads Status Action Philadelphia, PA 0 0 Active View Riverside-San Bernardino-Ontario, CA 1 0 Active View Santa Barbara-Santa Maria-Goleta, CA 0 0 Active View Los Angeles-Long Beach-Glendale, CA 0 0 Active View San Francisco-San Mateo-Redwood City, CA 0 0 Active View Boulder, CO 0 0 Active View Orlando-Kissimmee, FL 0 0 Active View Virginia Beach-Norfolk-Newport News, VA-NC 0 0 Active View Wilmington, DE-MD-NJ 0 0 Active View Sebastian-Vero Beach, FL 0 0 Active View Newark-Union, NJ-PA 0 0 Active View New Haven-Milford, CT 0 0 Active View West Palm Beach-Boca Raton-Boynton, FL 0 0 Active View Washington-Arlington-Alexandria, DC-VA-MD 0 0 Active View Baltimore-Towson, MD 0 0 Active View Las Vegas-Paradise, NV 0 0 Active View Napa, CA 0 0 Active View Myrtle Beach-Conway-North Myrtle Beach, SC 0 0 Active View Charleston-North Charleston, SC

The way that many people do this is the use of a Delaware Statutory Trust.

Wendell De Guzman made an excellent point though, the people you're mailing to get a lot "help your situation" letters so your response rate will probably be lower than normal.

You never fail until you stop tryingI thank you in advance for your help,Jon T.Hi Jon,BP's own Wendell De Guzman has a training session this coming Tues evening.

Delaware is a popular state to look into for that reason.

@Wendell De Guzman, love your property rating system!

Lorenzo De StefanisNewport Beach, CA.

If so, I would recommend getting a housing inspector to look at the shared space to see if it falls under the 1,752 de minimis exception.