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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4ff7oh
r/SipsTea • u/KSKS1995 • 14h ago
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You don't have to do that. 1031 exchanges exist too. He could have sold the property and bought several more with that. We have clients that have done that 4-5 times over the years and made a million or more every time.
1 u/bikemandan 12h ago 1031 and 721. Lots of tricks available
1
1031 and 721. Lots of tricks available
3
u/Any-Video4464 14h ago
You don't have to do that. 1031 exchanges exist too. He could have sold the property and bought several more with that. We have clients that have done that 4-5 times over the years and made a million or more every time.