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1031 Exchanges
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Updated about 1 year ago on .
creative 1031 with builder?
I want to 1031 out of an underperforming condo in DC, into a new construction single family home. The 180 day construction limitation is too short for a complete build. The basic theoretical idea is to make a contract/deal with the builder so I would be buying the property from him upon completion. It would work something like this: I would delay sale of my condo until a couple months prior to timing of the new build completion date, so as to accommodate 1031 time requirements. Is this possible?