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Updated almost 2 years ago,
Options Besides A Direct Property Purchase
Hello,
We are considering selling our investment properties. We'd like to minimize or delay capital gains as much as possible. I've been reading about 1031 exchanges, and it seems like there's some options like property improvements. We don't want to (and can't) purchase an entirely new house with interest rates at current levels - is there any way 1031 funds can be used to funnel back into our other investment properties that we are not selling? Like, say, a refinance? Or even just directly paying off the loans on our other properties - all of which are under the same business entity. Really we're open to any possible options to avoid capital gains (at least for now) BESIDES moving into the house for two years and BESIDES buying a whole new property.
Thanks,
Jonathan