Skip to content
1031 Exchanges

User Stats

133
Posts
5
Votes
Richard Chang
  • Renter
  • Alhambra, CA
5
Votes |
133
Posts

Exchange - Rental Property to Commercial Property ?

Richard Chang
  • Renter
  • Alhambra, CA
Posted Feb 5 2015, 20:51

Hi all,

I have a duplex in Orange County, CA that I have held for 25 years and I want to consider an exit strategy. I have deducted 25 years of depreciation which would need to be recaptured on normal sale ( ouch ). So, I thought I heard of the possibility of exchanging into a commercial property and leasing it out for 5-10 years ( to a WalGreens / CVS pharmacy ) and then live off the income stream and avoid capital gains taxes.

So, is this possible ? Where would you begin to look for the commerical property ?

Thanks, Paul

Loading replies...