[WSBARP] PC Wants to Swap Property Ownership

[Craig Gourley]

Hi Mark, that is squarely in my wheelhouse and I will be happy to talk with him, however the news will not be good.  You cannot do a 1031 into foreign property.  It is considered " non like kind" with US property.  Some exceptions under very specific conditions apply to US Virgin Islands, Guam etc. No real solution to avoid tax other than a 1031 but that needs to stay in the US.  If he does not want to be a landlord there are some passive investments that may interest him.  Happy to speak with him.   Thanks, Craig Gourley

GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Mark Anderson
Sent: Friday, June 19, 2026 3:58 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>; Solo and Small Practice Section <solo-and-small-practice-section at list.wsba.org>
Subject: [WSBARP] PC Wants to Swap Property Ownership

Dear All:
PC owns a 4-plex in Auburn.  He has thought about selling the Auburn property but knows that he would be hit with significant capital gains.  So, in his call, PC expressed an interest in exchanging the Auburn property with real estate in Abu Dhabi or Dubai where he has family.
I don't do 1031 exchanges (or if that would even be applicable), and I do not handle transactions involving foreign properties.
Who amongst you would be willing to talk to this PC?
Thanks.
Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock Street, Suite 209, PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>
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