A 1031 exchange is a tax-deferred exchange whereby recognition of capital gains and related taxes can be deferred through the exchange of like-kind business or investment property. Like-kind property is defined broadly in the sense that property can be exchanged even if it is a different species of real property altogether. (agricultural, commercial, rental property, etc.)
In a real estate transaction, wire transfers occur to shift the majority of associated funds from their place of origination to their final destination. The actual handling of cash by a title company happens very infrequently, if ever. Commonly, however, certain costs are required to be paid at the time of closing. In some instances, if the amount is small, a title company may permit a buyer to bring cash. The typical scenario usually requires a buyer to bring a cashier's check at the time of closing to cover these costs. These costs may be referred to as "cash to close". Check with your lender or settlement agent regarding the best way to provide these funds at the time of closing.
A frequently occurring question that arises in real estate transactions and disputes regards mobile and manufactured homes and whether they constitute an improvement upon the land in which they sit or personal property.
Understanding your obligations as a landlord or tenant in the rental of residential property is key to a good landlord/tenant relationship (paying your rent is always helpful as well!). Like most anything these days though, people turn to the internet when trying to figure out what the responsibilities of their landlord or tenant may be. That may even be how you arrived here! However, the internet can be, and often is, a very misleading place.