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Updated over 2 years ago on . Most recent reply

Angela C Fontaine's profile image
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Angela C Fontaine
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Angela C Fontaine's profile image
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Angela C Fontaine
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Angela C Fontaine
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1031 Exchanges

1031 exchange waiting period

Angela C Fontaine
Posted

We currently have two investments properties and was told that we had to wait one year of owning for the 1031 exchange. Is that correct information?

Austin, Texas
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Wayne Brooks
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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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
Replied

@Dave Foster can give details, but a 1031 is for properties held as an investment (not a flip), so a longer holder period helps verify this intent,

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