All Forum Posts by: Mary Conrad

@Kyle Shankin...I did a 1031 exchange. I sold my property in Kentucky and bought a property in Colorado. There was no “trade” per se, but as long as it was done within the time limits and certain other specifications were met I did not pay 28% taxes on the sale of my KY property. All the stars had to be aligned just right. It is tough to pull off because you have to find and close on the property within certain time constraints.

It might make a great short term rental property. I think Savannah Georgia has plenty of haunted houses that do very well as short term rentals.😉