If I buy a property on a 1031 exchange, can I sell it in one year?
In addition, during this year, I will have my son paying me monthly payments (principal & interest). At the end of this year, I will sell the property to my son at the new market value. Will my son be able to write-off the interest that he pays for the first 12 months on his taxes?
Related posts:
- Sell or rent my property? I purchased a 2 bdrm/2bath in late 2005 in DC. I put 10% down on the property and currently paying interest only on a 7 year ARM. Everyone knows the...
- would the subprime crisis happen if property supply did not grow so fast or high? so subprime was doing well and houses were built, right? and then interest ates went up for monthly payments or something along the lines, and basically the monthly payments shot...
- If you buy and sell several properties in a year, do you have to pay property taxes on all of them? Let’s say you became an amateur property investor… and then managed to buy ten separate properties (through whatever means, don’t worry about the costs of loans or whatever– the point...
- Need help with co-borrower-foreclosure? Okay I have a complicated situation that I would love help with. I co- own a home with a long time (15years) significant other. The relationship is at the end...
- How to sell an investment property fast? A freind of mine has an investment property in Atlanta Georgia that he is trying to sell. It is a 4 year old Duplex with 4 bedrooms and 2 baths...

By sunshine_today, January 4, 2010 @ 12:32 am
Why don’t you get an accountant?