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.