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Author: E. John Wagner, II

How to Sell Raw Land or Air Rights to a Real Estate Developer and Receive Back Finished Condominiums Tax-Free

March 8, 2017 1031 Exchange

When a landowner sells to a condominium developer, both the landowner and the developer have motivations favoring the developer “paying“ the landowner with finished condominium units instead of cash. Such a transaction reduces the developer’s up-front cash investment while sometimes enabling the developer to use all the land as collateral…