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1031 Exchanges
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Updated over 10 years ago on . Most recent reply

User Stats

25
Posts
1
Votes
Tim M.
  • Professional
  • Seattle, WA
1
Votes |
25
Posts

Couple of 1031 questions

Tim M.
  • Professional
  • Seattle, WA
Posted
Hi all, I have a couple of questions on 1031 exchanges, both may be stupid, but this is what happens when I sit and daydream about real estate transactions: 1. Is there a way for a person to get a loan to buy, in my case, a six-plex and the seller who is selling the six-plex to sell the building and acquire the note using the 1031 to avoid paying tax on the sale and then essentially finance my purchase/ hold the note of the building? Does a building to note transaction qualify for a 1031? 2. Would a four, tri, or du-plex sale and 6-plex purchase qualify for a 1031. Or does it have to be a tri for tri or 6 for 6 type transaction? I'm guessing it would be ok to have a different number of units but I want confirmation. Thanks!

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