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There’s more than one way to 1031 exchange investment property. This forum explores the various 1031 exchange structures and strategies available to real estate investors.
Acquire and hold title to your real or personal property in a California Title Holding Trust. The California Title Holding Trust provides a method for confidentially holding or owning real or personal property.
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What's New
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Please forgive me - just want to make sure. If all that the law cares about is the 5 years prior to the sale, couldn't we do something like: purchase the property --> rent it for 3 years --> live in for 2 years --> rent it for 3 years --> sell and still qualify for full 121 with NO prorate? Thanks again! May
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Thank you so much for the quick response. Now I see the sequence of events (that determines if you live in the property first or if you rent it first) doesn't start when the property is purchased, rather it starts by back counting 5 years when the property is sold. Thanks again, it was very informative. May
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[quote user="outabout"] With this new 121 rule, we would have to prorate the capital gain between the years as rental and years as our primary home. So I am thinking about ths paragraph: non-qualified use after the property was held and used as a primary residence will not count against the homeowner as long as the homeowner still qualifies...
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Hello: I have just recently started looking for a 2nd home and just learned this new modification of 121 exclusion (on this website). My original plan was to purchase a 2nd home, rent it out for 3 years until my husband retires. Then we would move into it and change it to a primary resident, then sell it 3-4 years after that. With this new 121 rule...
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I have just recently started looking for a 2nd home and just learned this new modification of 121 exclusion. My original plan was to purchase a 2nd home, rent it out for 3 years until my husband retires. Then we would move into it and change it to a primary resident, then sell it 3-4 years after that. With this new 121 rule, we would have to prorate...