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Updated almost 2 years ago,

Giovonni Hall's profile image
Giovonni Hall's profile image
Giovonni Hall
  • Member since Mar 8, 2019
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Giovonni Hall's profile image
Giovonni Hall's profile image
Giovonni Hall
  • Member since Mar 8, 2019
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Giovonni Hall
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1031 Exchanges

1031 Exchange use of funds

Giovonni Hall
Posted

I have a condo in Houston, Tx that I own outright  and have been renting for several years. I am looking to sell this condo and use the proceeds to purchase a multi-family property through a 1031 exchange. My question is can some of the proceeds from the sale of the condo be used to make improvements on the multi-family property if necessary? 

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