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NW Indiana | Yep you often see 1031 buyers get stupid worrying about paying the tax. I personally don't see the gain if I over pay 20% plus to save the tax. The tax liability stays with the new purchase so what did you gain? I have seen these deals where they went to transfer the property later and took a descent haircut on it and still had to transfer the tax liability so now at this point was upside down vs paying the tax but hey at least they got to stick it to uncle sam. | |
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Land inflation and 1031 exchanges
