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Updated about 7 years ago on . Most recent reply

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selling 2 rental properties to purchase unimproved land

Michael McInerny
Posted

I am selling 2 rental units to purchase unimproved land to be used as my future primary residence. In addition, I currently have my existing primary residence on the market as well. What are my best options to avoid capital gains tax?

A build to suit exchange? My combined proceeds from the 2 rental units would be approx. $250,000+, The land purchase would purchased for $260,000.

Thank you,

Mike

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Michael McInerny
Replied

Dave,

You are the man! That's what I needed to hear .

Thank you,

Mike

Thank you all for your insight!

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