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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Aptos",sans-serif;color:windowtext">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<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext"> wsbarp-bounces@lists.wsbarppt.com
<wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Mark Anderson<br>
<b>Sent:</b> Friday, June 19, 2026 3:58 PM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com>; Solo and Small Practice Section <solo-and-small-practice-section@list.wsba.org><br>
<b>Subject:</b> [WSBARP] PC Wants to Swap Property Ownership<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#002060">Dear All:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">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.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">I don't do 1031 exchanges (or if that would even be applicable), and I do not handle transactions involving foreign properties.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Who amongst you would be willing to talk to this PC?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Thanks.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="color:#002060">Mark B. Anderson<br>
</span></b><span style="color:#002060">ANDERSON LAW FIRM PLLC<br>
821 Dock Street, Suite 209, PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com"><span style="color:#002060">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/"><span style="color:#002060">www.mbaesq.com</span></a><b><o:p></o:p></b></span></p>
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