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Mr. and Mrs. Cleaver want to sell their rental property and buy some land on which...

Mr. and Mrs. Cleaver want to sell their rental property and buy some land on which to build their dream home. They will have a significant amount of gain when they sell the rental property, so they come to you to ask if they can do a like-kind exchange. What is your advice?

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Answer #1

My advice is to measure profitability
and evaluate the comonity that these transactions generate.
Having a rental property generates a continuous and sustainable income
when selling it, they will have a significant gain.
which allows them to buy the land to build a house of their dreams.
they must evaluate if the house of their dreams, generates profitability
and to the same comonidad, because there is no comonidad if you have problems in the profitability of the home.

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