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Updated about 10 years ago on . Most recent reply

User Stats

103
Posts
21
Votes
Chad Duval
  • Rental Property Investor
  • Boston
21
Votes |
103
Posts

1031 Exchange: Primary Residence To Rental Property?

Chad Duval
  • Rental Property Investor
  • Boston
Posted

Hey all! I bought a primary residence about 10 months ago. After rehabbing the property, I've gained about $100k in value. Because I don't want to wait until the two year mark to sell (to avoid the capital gains tax), am I able to perform a 1031 if I trade up to a rental property?

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