In next 2mo I’ll be selling an investment property in US with net of $200k. (Total sale price will be ~$700k, I’m in a fairly high income bracket.)
Main goal is to set up for corporate retirement in 7 years.
Weighing the option to do a 1031 exchange and could use some unaffiliated advice…
Pros: wealth accelerator, modest cash, tax deferral.
Cons: sellers market, it’s a lot of work to set up, heavy debt.
Background: - I’m a 33 American living abroad. - Have other investment properties. - Appreciate hard work but have limitations being on the other side of the world. - Have dual high income household. - Have never done 1031 exchange before
Submitted April 11, 2022 at 06:40AM by nandofour-san https://ift.tt/pKm27J1
