1031 Exchange from a BRRR project

[Jake S.]

I am about to begin a BRRR project where i plan to rent it as a short term rental after completion. I would like to have the ability to sell and 1031 if need be, but would like to know the exact details as to the time frame? Id just like to have this in my back pocket if the property doesnt rent as well I as hope after a couple of months or so

My understanding is it starts with what my intent for the property actually is and not necessarily a set time frame?

Thanks!!

[Dave Foster]

@Jake S., as @Buddy Holmes said, there is no statutory holding period.  The key is that your intent was to hold the property for investment use.  Most folks feel very comfortable with anything over a year.  But there could always be reasons why your intent could change in less than a year.  You just want to make sure that your intent started out to hold for investment and now it has changed.  And you want to be able to demonstrate that.