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Also don't forget...its not 15%. Its a TON more than that because your income bracket changes as well not to mention capital gains and so forth (I'm no tax expert but theres more than 15%). On paper you could use $1,000,000 to buy a property 1031 and it would be fine if it was really only valued at say $700,000 because you would have lost that anyway. So if its income producing and a good value ON PAPER it works out that way. Of course take nothing I say as any sort of advice you should trust or follow! Seek professional counsel or guidance!
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