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<p>[QUOTE=&quot;KBBPLL, post: 26248279, member: 104064&quot;]I&#039;m aware of the 1031 exchange but have never understood why anyone does it, other than to relocate an investment property closer to an owner&#039;s new location, or possibly if one side of the exchange sees more appreciation in the new property&#039;s location (in which case the other side of the exchange gets duped). If the goal is to cash out, it doesn&#039;t accomplish anything that I can see. </p><p><br /></p><p>[USER=11540]@ldhair[/USER] I see your point, but you get used to thinking x property is worth y amount and not y amount minus whatever huge percentage. My original house I&#039;ve owned for 34 years and rented for 25, so it&#039;s getting close to fully depreciated (27.5 years). When that happens, it&#039;s not going to be worth zero! Every cent I&#039;ve written off as depreciation will be recaptured. </p><p><br /></p><p>Most property management companies in my small city have a reputation for screwing both the tenants and the owners. Finding a decent one does seem to be the next best step to distancing myself from it though. </p><p><br /></p><p>The most cost-effective solution is to die. The basis resets for my heirs and capital gains goes away. What a country![/QUOTE]</p><p><br /></p>

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