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Updated about 3 years ago,

Chad S.'s profile image
Chad S.'s profile image
Chad S.
  • from Rochester, Michigan
  • Member since Feb 17, 2014
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Chad S.'s profile image
Chad S.'s profile image
Chad S.
  • from Rochester, Michigan
  • Member since Feb 17, 2014
Connect
Chad S.
  • Rochester, MI
48
Votes |
82
Posts
1031 Exchanges

1031 exchange and land contract

Chad S.
  • Rochester, MI
Posted

I have a lot I'm buying on LC and already closed on, and have rental property I'd like to sell now.

Is it possible for me to 1031 exchange the rental home for paying off the land contract and building a new investment property? I would guess it's probably not allowed, but don't know for sure because I really am not the owner until the lot is paid in full right?

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