There are many rental owners who have extensive equity. Now is a great time for them to consider a Like-for-Like 1031 Exchange. They should consider taking their equity and becoming owners of three rental homes or more. Think about it. You find one prospect and you have generated four transactions and maybe even more sides. Also, rental owners would benefit from buying at the time when their upper legs may have dropped some in value.
The authority I turn to for these questions is Asset Preservations in Roseville, CA. Their website is jammed with articles and tax information and they also do seminars and webinars. Their lead instructor is Dino Champagne and she is the best. If you see her name as an instructor, take her class.
Click here to read more about 1031 Exchanges.