Updated over 4 years ago on . Most recent reply
$1.4M 1031 exchange 10 days left... Texas? Idaho?
Hello BP,
Recently I sold a property and did a reverse 1031 exchange where I was able to put $3M of the profits in a different property. Unforchantly I still need to identify an additional property where I can put up to $1.4M into it within the next 10 days or Uncle Sam will be getting a good pay-day. Does anyone have any creative ideas? I have been looking at Austin Texas area and developments in Idaho. Let me know if there are other areas that I should look into. Also, if anyone has any apartment buildings they are looking to sell or know of any that are coming up please let me know!
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I'm biased because I live in a very Austin-like town (Denver), but I think Austin is a great buy. For long-term parking of money, you can't do much better. The appreciation potential is huge down there. A diversified economy, great quality of life, relatively affordable real estate (for now).
Of course, I'd throw Denver in there as well, but if you're already considering Austin, that would be my vote as well.
Good luck!
- James Carlson
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- 720-460-1770
