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Updated almost 3 years ago on . Most recent reply presented by

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Samir Nanjapa
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Would this qualify for a 1031 exchange?

Samir Nanjapa
Posted

My in laws recently bought two residential properties (a townhome and a single family) with another couple they barely knew. Within a month of buying , their partners want out and are asking to list both properties or be bought out. If they were to sell one property and my in laws used the gains to buy out their partners to own 100% of the other property would that qualify for a 1031 exchange if they satisfied all other criteria? 

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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@Dave Foster

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