sale of mobile home park (1031) - Posted by DC

Posted by Eric C on July 02, 2003 at 10:31:09:

Hi John -

Missed your posts, your viewpoint, and the wealth of experience you so generously shared on the boards.

Take care,

Eric C

sale of mobile home park (1031) - Posted by DC

Posted by DC on July 02, 2003 at 07:35:04:

I have a 140 space mobile home park that I am thinking of selling. I had read somewhere that you can do a 1031 exchange with an installment sale. Does anyone know if this is possible? Any ideas?

Re: sale of mobile home park (1031) - Posted by JHyre in Ohio

Posted by JHyre in Ohio on July 03, 2003 at 12:36:36:

Yes, you can - but the facts matter. The rules for installment sales and 1031’s are both very specific and detailed, and how they mix is not always clear. Many more facts would be needed to even begin commenting on your question…typical lawyer answer!

John Hyre

Re: sale of mobile home park (1031) - Posted by John

Posted by John on July 02, 2003 at 08:03:57:

On your questions, suggest you get professional advice. As to the park you want to sell, can you provide details and price? I’m in the market to buy another property.