All Forum Posts by: Jeff Pavalone
Jeff Pavalone has started 1 posts and replied 2 times.
Post: Would this benefit my parents and I?
- Kansas City, MO
- Posts 3
- Votes 0
@Cameron Pendergraft I would try and work something to where they did use a 1031 into a KC rental. They would then sell it to me when they officially moved and found a property they wanted to buy in Arkansas. Maybe talking to a Lawyer in KC would help! Do you have any recommendations?
@Cara Lonsdale Thank you for the information!
Post: Would this benefit my parents and I?
- Kansas City, MO
- Posts 3
- Votes 0
My parents have a rental property that they are trying to sell in Pennsylvania. They currently live in Idaho, but are going to be moving in a year or two to Arkansas or Missouri to find a place to retire.
I currently live in Kansas City and I am trying to start my portfolio, but I just graduated from college and I am trying to pay off my student loans.
Would it be smart for my parents to invest in a house in Kansas City when they sell their current house (in Pennsylvania) to avoid taxes and then sell it to me when they are ready to move into a house they would like to retire at?