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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 14 Oct 2005 20:07:58 -0400
/ Author of the message: "Spin" |
Title of the message: |
1031 exchange
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Text of the message: |
Hello experts, I am a 58-year old widow who owns one home (currently renting that one) and has a substantial mortgage on another (which I'm living in). I want to sell the first home (which I own outright) partly due to the fact I cannot keep up on it's maintenance. I do not want to move back into it and I have not lived there for four years. I am considering a 1031 exchange and obtaining an equal or higher value new condo in another state and rent that out. This way I will not have to worry about exterior maintence. I will rent that out which will help to pay for my current mortgage. I do not work as I am living off the rental income of the first home and my inheritance. Does that sound like a good plan? . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.