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1031 Exchanges
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Updated about 3 years ago on . Most recent reply

User Stats

58
Posts
13
Votes
Daniel Luedtke
  • Lender
  • Windsor, CO
13
Votes |
58
Posts

Cash out refi after a purchase through 1031 exchange restrictions

Daniel Luedtke
  • Lender
  • Windsor, CO
Posted

I sold a rental property back in June 2020, did a 1031 exchange (closed on the new property at the end of July 2020), and now I am looking to do a cash out refi to pull that money back out.  Is there a waiting period to avoid any capital gains tax hit after the purchase through the 1031exchange?  Thanks in advance!

  • Daniel Luedtke
  • Most Popular Reply

    User Stats

    8,998
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    9,366
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    Dave Foster
    #1 1031 Exchanges Contributor
    • Qualified Intermediary for 1031 Exchanges
    • St. Petersburg, FL
    9,366
    Votes |
    8,998
    Posts
    Dave Foster
    #1 1031 Exchanges Contributor
    • Qualified Intermediary for 1031 Exchanges
    • St. Petersburg, FL
    Replied

    @Daniel Luedtke, Next time use the right QI and I'll deliver cookies :)

    • Dave Foster
    business profile image
    The 1031 Investor
    5.0 stars
    94 Reviews

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