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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="MG0h3" data-source="post: 16798936" data-attributes="member: 164690"><p>Realtor I was working with once tried to tell me the same thing. </p><p></p><p>I see so many people say you won’t ever pay the taxes so I question myself. But I trust my friend/coworker and Google supports what he says. </p><p></p><p>It’s really a pain in the ass to be honest. I looked into it when I sold the last place but said to hell with it. </p><p></p><p>The money from the first sale goes into an escrow held by a third party. You have to have the properties identified before the sale of the first place and have 90 days from the sale to close on the new place. </p><p></p><p>Def has to be like kind. </p><p></p><p>Looked into it when I was selling the last place in Dec but what a hassle. Plus the urgency to buy before March22’ negated half the reason I sold the place. </p><p></p><p>Had to pay tax on the @150k I got out of it but at least it’s not hanging over my head on the next deal. </p><p></p><p></p><p></p><p>Sent from my iPhone using the <a href="http://r.tapatalk.com/byo?rid=92568" target="_blank">svtperformance.com mobile app</a></p></blockquote><p></p>
[QUOTE="MG0h3, post: 16798936, member: 164690"] Realtor I was working with once tried to tell me the same thing. I see so many people say you won’t ever pay the taxes so I question myself. But I trust my friend/coworker and Google supports what he says. It’s really a pain in the ass to be honest. I looked into it when I sold the last place but said to hell with it. The money from the first sale goes into an escrow held by a third party. You have to have the properties identified before the sale of the first place and have 90 days from the sale to close on the new place. Def has to be like kind. Looked into it when I was selling the last place in Dec but what a hassle. Plus the urgency to buy before March22’ negated half the reason I sold the place. Had to pay tax on the @150k I got out of it but at least it’s not hanging over my head on the next deal. Sent from my iPhone using the [url=http://r.tapatalk.com/byo?rid=92568]svtperformance.com mobile app[/url] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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