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Updated over 10 years ago,

Stone Jin's profile image
Stone Jin's profile image
Stone Jin
  • Rental Property Investor
  • from Chandler AZ and Sylvania, OH
  • Member since Apr 19, 2009
Connect

User Stats

707
Posts
560
Votes
Stone Jin's profile image
Stone Jin's profile image
Stone Jin
  • Rental Property Investor
  • from Chandler AZ and Sylvania, OH
  • Member since Apr 19, 2009
Connect
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts
1031 Exchanges

1031 Exchange Scenario

Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Posted

I'm wondering if this is possible?

My mom recently bought a condo that we are going to try to flip. We want to put the profits from the sale into a 1031 and have her buy an investment that I currently own. I owe roughly 35K and worth about 130K. Is it possible to do this and if so can she purchase the property for what I owe?

Thanks in advance

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