Make sure you set up a qualified escrow account for the funds from the sale.

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

Jul 5, 2024
4:02:51pm

allaboutthegainz All-American

Make sure you set up a qualified escrow account for the funds from the sale.

Report problem with this ad

allaboutthegainz

Previous username: allboy10
Bio page: allaboutthegainz
Joined: Jun 9, 2010
Last login: Oct 4, 2024
Total posts: 8,716 (0 FO)

Report problem with this ad

Messages

Author

Time

Tricky 1031 question for CB accountants/real estate folks...

C-dubb

Jul 5, 4:00pm

Make sure you set up a qualified escrow account for the funds from the sale.

allaboutthegainz

Jul 5, 4:02pm

You need a "qualified intermediary". I'm sure someone here can recommend a decent one.

HarlemCoug

Jul 5, 4:03pm

This^^ you CANNOT just take the funds and roll them over yourself.

Jul 5, 4:34pm

Sounds about right.

toadie

Jul 5, 4:03pm

Thanks! Anyone have experience with nightly rentals in Washington County? (Pros,

C-dubb

Jul 5, 4:55pm

Honestly the market there seems kind of saturated but I’m not an expert

MacsKid

Jul 5, 7:00pm

I second this. We looked into it for a while but couldn’t make the numbers work.

Jul 5, 8:22pm

I’ve said this on another post but I think there is a correction coming to

MacsKid

Jul 5, 9:55pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad