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Rainmaker
1,610,341
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

With a trusted, bonded facilitator.

Oct 09, 2016 11:17 PM
Rainmaker
3,069,179
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 nailed this one!

Oct 09, 2016 11:40 PM
Rainmaker
3,725,377
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Check with a company that specializes in 1031 exchanges.

Oct 09, 2016 11:29 PM
Ambassador
5,035,934
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Have not used one yet.

Oct 09, 2016 11:09 PM
Rainmaker
4,564,436
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Just closed one a few months ago, and as long as the investor doesn't touch any of the proceeds, it is a tax haven.

Oct 11, 2016 07:44 AM
Ambassador
4,309,924
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dan Carpenter - I usually recommend my clients to work with their CPAs.

Oct 10, 2016 02:59 PM
Ambassador
3,986,094
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You have to have a qualifying property and invest into a qualifying property of equal or higher price within a certain time frame.

Oct 10, 2016 02:54 PM
Ambassador
2,216,158
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

The best way is to have them talk to an attorney that knows 1031s. 

Oct 10, 2016 01:32 PM
Ambassador
4,391,702
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Anyone considering this should talk with their accountant, and hook up with a 1031 exchange company early in the process

Oct 10, 2016 01:21 PM
Rainmaker
1,922,207
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

you sell one property, give the boot to a facilitator and buy another one within a specified time frame. It is a great way to defer taxes. 

Oct 10, 2016 12:52 PM
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There are many ways, checking with a bonofied 1031 agency can give you all the options

Oct 10, 2016 12:36 PM
Rainmaker
439,812
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

It's tax deferred but you have to use the proceeds to purchase like kind properties. You may also need to use the service of a qualified intermediary, though.

Oct 10, 2016 11:38 AM
Rainmaker
3,214,779
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Speak to an accountant and to your broker.

Oct 10, 2016 10:43 AM
Ambassador
2,523,326
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Defer paying capital gains taxes indefinitely.

Oct 10, 2016 09:58 AM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They should talk to their accountant.

Oct 10, 2016 06:23 AM
Rainmaker
1,337,413
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Very carefully and with expert legal advice.

Oct 10, 2016 05:05 AM
Ambassador
1,706,936
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

With REALTORS® who know what they are doing. If you don't know the answer then you shouldn't be doing them.

Oct 10, 2016 04:38 AM
Rainmaker
793,637
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Ask your local accountant; it's good, but tricky business with changing laws.

Oct 10, 2016 02:21 AM
Rainmaker
1,157,329
FN LN
Toronto, ON

We don't have such exchanges in our great nation.  However, some people living in our land may be able to take advantage of it.  They should consult appropriate Canadian and US tax advisors who are familiar with the Act, the Code, the treaty and 1031 exchanges to see whether it can be done and what the implications would be.

Oct 10, 2016 12:51 AM
Rainmaker
2,948,905
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

With a third party intermediary ... and agents who know what the heck they are doing. 

Oct 10, 2016 12:48 AM
Ambassador
1,615,844
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

They continue to use tax deferred funds to purchase more property.

Oct 10, 2016 12:22 AM
Rainmaker
6,166,994
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Closely follow the IRS rules and regulations.

Oct 10, 2016 12:14 AM
Rainmaker
3,854,173
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Seek the advice of their accountant and experienced facilitator!

Oct 10, 2016 12:13 AM
Rainmaker
1,120,222
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We defer our capital gains on a sale by reinvesting them into same as or better than properties elsewhere. This allows us to buy either better or more properties without paying the tax. I've done it for a few clients and I'll be doing it myself when I move my Bay Area rentals to San Diego.

Oct 09, 2016 11:39 PM
Rainmaker
1,430,777
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dan Carpenter Very easily when they work with a good intermediary.

Oct 09, 2016 11:38 PM
Rainmaker
3,724,207
Richard Weeks
Dallas, TX
REALTOR®, Broker

By talking to their cpa, or tax attorney.  Also using a good Qualified Intermediary.

Oct 09, 2016 11:33 PM
Rainmaker
3,265,047
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

To practice this type of real estate it is imperative the parties use agents very experienced with a 1031 exchange. 

Oct 09, 2016 11:31 PM