Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

707
Posts
560
Votes
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts

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

Loading replies...