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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 12 Jul 2005 15:36:07 -0700
/ Author of the message: "lyra" |
Title of the message: |
1031 Question and Advice
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Text of the message: |
Here's our senario and would appreciate any advice on 1031 exchange possibility: We have two homes in N. California , one primary SFH with substantial equity and higher price (calling house 1) and one SFH rental property with high equity and moderate price (calling house 2). We will be approaching retirement within 2-9 years (early retirement by most standard) and would like to relocate to a less crowded area with more land. We rent house 1 for two years and simultaneously move into our rental property-house 2 for 2 years. During this period we will do more renovation of house 2. After two years, we do a 1031 exchange on house 1. With the price we anticipate to get, we purchase two homes. One in Washington island area (house 3)and another in Oahu, Hawaii (house 4). I picked Hawaii because of rising real estate price in Oahu as well as good rental income in Hawaii. Our goal is to move to Washington home |
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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.