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Posted by David Garcia on October 07, 2004 at 22:24:46:

In Reply to: 10 HOUSE DEAL!!-- HAVE A COUPLE QUESTIONS!! posted by Kevin and Yvonne on October 06, 2004 at 19:43:24:

You have it wrong. You as buyer cannot do a 1031 exchange. Only seller can do that. A 1031 exchange is a method to avoid capital taxes after a real estate profit generated from a sale. If you re-invest you profit from a RE sale, you will not be taxed. You have a specific amount of time to re-invest otherwise you will be taxed.

DG
www.ezreinvesting.com

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• Re: 10 HOUSE DEAL!!-- HAVE A COUPLE QUESTIONS!! - kevin yvonne 08:30:11 10/08/04 (0)

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