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Buying & Selling Real Estate

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Jeremy Cooper
  • Jacksonville, FL
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Selling properties to convert to stock investments. How can i avoid capital gain taxes.

Jeremy Cooper
  • Jacksonville, FL
Posted Oct 15 2013, 12:20

Hi,

I currently own three multifamily homes in Jacksonville Fl. I'm new to this site, so if I leave out any needed information please let me know.

I will be relocating for work in 1-2 years out of state. I want to sell these properties off and reinvest the proceeds into some combination of stock/bond/mutual funds etc.

I own the properties out right (no mortgages) I would like to sell these without paying massive capital gains taxes. Is there anything like a 1031 exchange, where I take my capital gains and immediately reinvest them without paying taxes?

Thanks for your help,

Jeremy C.

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