Why Multifamily in Hawaii? A look at why this sector is strong and will continue to thrive.
Relinquished property: The property you are selling in an exchange. Replacement property: The property you are buying to replace the relinquished property in an exchange.
There is a bit of confusion surrounding the 1031 tax exchange when the property is owned by more than one individual, specifically around the time they begin considering an exit strategy. The question sometimes arises after the relinquished property has already entered escrow, which poses problems because there isn’t much the parties can do when…
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