Quote:
Originally Posted by berettafan
He eventually has to sell that property and pay the tax.
1031 is defer not eliminate.
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Very true. Its just more complex that we are making it. There is a question of how much income it is producing, how long of a lease it is under, whether the property will become a part of an estate or not. There is much more to it than looking at a poor cap rate next to a high priced property and thinking "gee this guy is gonna sink." The commercial real estate analysis is not even similar to residential. The leasing market is then completely different.