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Someone explain to me how a 1031 exchange is good for farmers...
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RJG
Posted 12/4/2010 20:39 (#1468241 - in reply to #1468181)
Subject: Re: Someone explain to me how a 1031 exchange is good for farmers...


Galva, IL----- Half way between Peoria & Moline
IMHO---- 1031 is well and good, but why does it have to be in like-kind? Why can't the investor invest in condos or other higher returning property? $8000 ground with a 5% return would be $400 in rent, may not be that good in a few years.
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