Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 3 years ago,

User Stats

1,493
Posts
268
Votes
George P.
  • Real Estate Investor
  • Baltimore, MD
268
Votes |
1,493
Posts

Tax lien --> Foreclosure --> 1031 ?

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

Good day y'all

Here is the scenario.....

I bought a tax lien in 2011, almost three years later I have obtained the judgement on the property and eventually the deed will be recorded into my name. 

Q: Can I sell this property and 1031 it into a rental in a nicer area? 

My holding periods are as follows: tax lien - appx 3 years, property itself - a few months.

My original intent was to invest in the tax lien and collect interest. I do not want to hold this property. I hope to get rid of this property and avoid paying short-term capital gain by rolling it into a property in a desired area.

Thank you in advance

Loading replies...