Page 3 - Replacement Property News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You have to do it within the 180 days, generally. you cannot take possession of the cash that you sold the old property for. you have to engage a qualified intermediary. >> explain to our viewers exactly what they are and what they do. >> the treasury does not want you, as the seller of your old property, to have control over the proceeds from the sale. that money has to be used and poured into your replacement property, your new property. so, you must engage a qualified intermediary to hold the proceeds from the sale. both parties must recognize that this is a 1031 transaction. the contracts ...

>> you sell your old property and you buy a new property. you have to do it within the 180 days, generally. you cannot take possession of the cash that you sold the old property for. you have to engage a qualified intermediary. >> explain to our viewers exactly what they are and what they do. >> the treasury does not want you as the seller of your old property to have control over the proceeds from the sale. that money has to be used and poured into your replacement property, your new property. you must engage a qualified intermediary. both parties must recognize that this is a 1031 transactio...

To nothing. it's my land so when i leave here, i'm going to go home, cut trees and do some gravel. >> even though they said it's their property now. >> they -- i said you can think it's yours, you can wish it was yours but until you give me just compensation, it's not yours. >> did they offer you a replacement property? >> well, it's funny. now he want to do another appraisal. >> i got a feeling it's not going to be $3200. >> they're not getting the land unless i get my just compensation. >> you got to keep us posted. >> thank you for having me. >> david. >> hey, people ought to get involved w...