Investor in Orlando

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Investor in Orlando

Kyle Williams
Investor · Orlando, FL · Member since 2016 · 3 posts · 0 votes

We recently sold a 20 unit apartment building in Tampa.  We are in a 1031 position until 10/3/16.  Would like to identify a replacement property or two by then

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  • Jared Townsend
    Insurance Agent · Orlando, FL · Member since 2015 · 297 posts · 122 votes
    10y

    Hi Kyle,

    I'll send you a message to get started. Looking forward to meeting you!

    - Jared

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  • Mark Nolan
    Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    10y

    @Kyle Williams

    Welcome to Bigger Pockets.

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  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    10y

    @Kyle Williams you need to spend more than what you just did for it to 1031 tax exchange, no?

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  • Dave FosterBusiness Member
    Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
    10y

    @Justin Stamper, in order to defer all tax they do.  But it is very possible that they may be interested in a partial exchange to pull some cash out or buy down a certain amount.  The difference between what they sell and buy is viewed as taxable.  But the remaining gain can still be tax deferred.s  And it doesn't have to be just one property.

    The 1031 Investor5137 Reviews
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  • Justin Stamper
    Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    10y


    @Dave Foster I am coming to you if we ever go down this road. 

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