(As reported by real estate educator Duane Gomer, http://duanegomer.com)
So many times I give information and then I do not follow it myself. There is something that I think Duane and DJ Gomer and other rental owners should consider. Simple basic 1031 Exchange. And real estate agents should be telling their clients some of the benefits of exchanging in this market.
There are so many fancy terms in Exchange work. Like for Like, Napkin Test, Boot, TIC Exchange, Reverse Exchange, Construction Exchange, Mortgage Relief, Designate, Intermediaries, Safe Harbors, 45-180, Conversion to Rental of a Home, Basis After Exchange, and so forth.