The dramatically underenrolled high schools represent
a costly real estate problem for CPS, which has an extensive portfolio of severely underused buildings in South Side and West Side neighborhoods that have seen a steady population decline.
You get to list and buy a property from who ever I bought 9 properties by selling 2 properties and delayed the taxes Note: recorded in 2017 prior to 2018 tax changes a 1031 exchange avoids capital gain and depreciation recapture Drawbacks — you have to time the sale and purchase of the new asset In a sellers market you can get a good price but have trouble finding a good asset 45 day rule — you have this time period begins at the close of escrow of the first property you have to identify a list of property that they would possibly close on 180 day rule — you have this time period begins at the close of escrow of the first property you have to close on the replacement property Try to line up inventory in the pipeline Delaware Statutory Trust — you close on relinquished property and park the money goes into the exchange account with intermediary Reverse exchange — alleviates selling property and not finding anything — you can take all the time in the world to acquire the property and then sell your relinquished property, the
problem is that it is
costly, qualified intermediary else closes the new property, required cash to purchase new property and possibly need a L1 environmental Section 721 — donate
real estate to partnership interest And exotic exchange ideas