- This topic has 42 replies, 10 voices, and was last updated 17 years, 4 months ago by
SD Realtor.
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October 17, 2007 at 4:27 PM #10656October 17, 2007 at 4:32 PM #89706
lendingbubblecontinues
ParticipantConsider where you are posting. The simple fact that you are here (on Piggington) suggests that you are intelligent enough to answer this question correctly on your own.
October 17, 2007 at 4:32 PM #89715ParticipantConsider where you are posting. The simple fact that you are here (on Piggington) suggests that you are intelligent enough to answer this question correctly on your own.
October 17, 2007 at 4:39 PM #89710NotCranky
ParticipantI suggest you be smart enough to look for a less curt opinion than the above by lendingbubbleco.
Could you push the time frame out for a while by identifying 1031 candidates but not pulling the trigger until you make a clear decision.
October 17, 2007 at 4:39 PM #89719ParticipantI suggest you be smart enough to look for a less curt opinion than the above by lendingbubbleco.
Could you push the time frame out for a while by identifying 1031 candidates but not pulling the trigger until you make a clear decision.
October 17, 2007 at 4:42 PM #89712gb
ParticipantI think it is a close call. Guarantee to lose 200k by cashing out vs. buy low real estate now and take my chances. FYI, I am looking to buy in the Santa Ynez, CA area.
I am interested hearing from the moderate bears about what they would do?
October 17, 2007 at 4:42 PM #89721ParticipantI think it is a close call. Guarantee to lose 200k by cashing out vs. buy low real estate now and take my chances. FYI, I am looking to buy in the Santa Ynez, CA area.
I am interested hearing from the moderate bears about what they would do?
October 17, 2007 at 4:46 PM #89714ParticipantCould you push the time frame out?
I cannot push the time frame any longer as I am near the end of what the 1031 rules allow. I have chosen 3 properties already. Thank you for your reply Rustico
October 17, 2007 at 4:46 PM #89722ParticipantCould you push the time frame out?
I cannot push the time frame any longer as I am near the end of what the 1031 rules allow. I have chosen 3 properties already. Thank you for your reply Rustico
October 17, 2007 at 4:55 PM #89727Ricechex
ParticipantWell, if you are going to lose $200K either way, I say buy the property–because at least then you do own something tangible, even though property values are decreasing. If you think the property will decrease more than $200K, then pay the IRS.
October 17, 2007 at 4:55 PM #89718ParticipantWell, if you are going to lose $200K either way, I say buy the property–because at least then you do own something tangible, even though property values are decreasing. If you think the property will decrease more than $200K, then pay the IRS.
October 17, 2007 at 4:56 PM #89723surveyor
Participant1031 exchange….
I would certainly recommend going the route which pays less taxes. Still, if you are going to invest in California, it will probably be about equal – you pay the $200k in taxes or watch your investment eat up $200k (in cash flow costs and depreciation).
I would recommend investing the money in different areas of the country.
If you are interested, you can call the people at http://www.pacblueinvestments.com and tell them that you have so-so amount of money and you are thinking of doing a 1031 exchange. They might be able to help you out and give you some options. They can show you some real estate markets around the U.S. that are cash flowing right now and can point you in the right direction as to what your future plans are.
Not every place is in the same cycle as California.
Congrats though on having such an enviable problem…
October 17, 2007 at 4:56 PM #89731Participant1031 exchange….
I would certainly recommend going the route which pays less taxes. Still, if you are going to invest in California, it will probably be about equal – you pay the $200k in taxes or watch your investment eat up $200k (in cash flow costs and depreciation).
I would recommend investing the money in different areas of the country.
If you are interested, you can call the people at http://www.pacblueinvestments.com and tell them that you have so-so amount of money and you are thinking of doing a 1031 exchange. They might be able to help you out and give you some options. They can show you some real estate markets around the U.S. that are cash flowing right now and can point you in the right direction as to what your future plans are.
Not every place is in the same cycle as California.
Congrats though on having such an enviable problem…
October 17, 2007 at 5:05 PM #89726Participant“I suggest you be smart enough to look for a less curt opinion than the above by lendingbubbleco.”
Whatever, realtor-boy. By the way, you really ought to quit capitalizing the word “realtor” everytime you type it, unless you are prepared to put the trademark notation beside it. We don’t capitalize “used-car sales manager” do we?
I suggest that when one has an $800K question that he/she pays a few bucks and gets proper counsel, rather than asking for help from a bunch of anonymous know-it-alls on a bearish housing blog;)
October 17, 2007 at 5:05 PM #89735Participant“I suggest you be smart enough to look for a less curt opinion than the above by lendingbubbleco.”
Whatever, realtor-boy. By the way, you really ought to quit capitalizing the word “realtor” everytime you type it, unless you are prepared to put the trademark notation beside it. We don’t capitalize “used-car sales manager” do we?
I suggest that when one has an $800K question that he/she pays a few bucks and gets proper counsel, rather than asking for help from a bunch of anonymous know-it-alls on a bearish housing blog;)
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