Minimum time a replacement property needs to be held prior to using for another 1031?

[Ken Mull]

I performed a 1031 exchange last November 2023. I have found another property of interest and I am considering selling the replacement property from this previous 1031 and using it to 1031 into this new property. Is there any minimum period of time the first replacement property  needs to be held before using in a 1031.

[Dave Foster]

@Ken Mull Yea  @Zaina Jouejati is right on the money here. There is no statutory holding period that states how long you have to hold the property. The standard is your intent and  how you can demonstrate the intent of the property. 

Maybe you put a renter in it for a year, or used it as a short term rental. If your intent was to hold onto the property and a bear moved in next door (True Story) or maybe you receive an unsolicited offer you couldn't refuse, so you decide to sell. As long as your intentions to hold onto the property for investment use are met, It would qualify for 1031 treatment.