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Just got a job at Deloitte M&A in Atlanta and am currently looking to buy a house. Would you advise I buy closer to Atlanta or the suburbs? I personally want to be in the suburbs but I hear the traffic situation is quite bad. Current consultants in Atlanta, how much time do you actually spend in the office vs remote vs client site? Would you advise I try and stay closer to the office?
Anyone have a crypto kitty?
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Any Property Management recs in Seattle area? :(
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Mentor
A 1031 exchange is a swap of one real estate investment property for another that allows capital gains taxes to be deferred
It does not necessarily mean that the property they are selling is a “bad” one. It could mean they just want to “purchase” (or in this case exchange) their current property for a bigger one.
Subject Expert
This is just a way to legally avoid paying taxes.
This does not mean the property is necessarily a bad deal. You can choose to sell your house for multiple reasons. The most common I’ve found is a small investor is looking into getting into large properties or properties in more expensive areas. To do this they look at properties in their existing portfolios to sell. They’ll usually sell the properties they have the most equity in, or maybe multiple properties that perform the least out of their total portfolio.
None of that means that it’s a bad deal for you. Trust your due diligence and the due diligence of the people your hire.
Thank you
Ahhh. Ok thank you
Why wouldn’t they just buy another one?
I thought the rules were changed to really clamp down on doing like for like, so maybe moving from a multi unit to an apartment building (both residential).