All Forum Posts by: Wayne Walker
Wayne Walker has started 2 posts and replied 3 times.
Post: Full payment of year's rent on year lease
Wayne WalkerPosted
- Investor
- Cullman, AL
- Posts 3
- Votes 0
There is a lot of competition for this rental and prospect offered up front payment of rent for year. Are there potential problems with this?
Post: Like kind exchange rules
Wayne WalkerPosted
- Investor
- Cullman, AL
- Posts 3
- Votes 0
Do you have to have the purchase identified at time of sell of existing property? If not how long do you have to do that and to close the purchase?
Post: Like kind exchange rules
Wayne WalkerPosted
- Investor
- Cullman, AL
- Posts 3
- Votes 0
I have a rental property that I wish to sell and upgrade to a duplex. I have land in my possession and need to know if IRS like kind rules allow me to construct a duplex on the property. Does this qualify under the rules?