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 about 16 years ago, 09/08/2008

Account Closed
  • Tucson, AZ
45
Votes |
945
Posts

combining 1031s

Account Closed
  • Tucson, AZ
Posted

I have a property I plan to exchange.
Can I do a combined reverse exchange and a construction exchange for the same property?

Because of the market here I may not be able to sell my property prior to finding a replacement--I may find the replacement first-hence the reverse exchange.

I prefer to use the money on the replacement house. Is remodeling allowed--replacing carpet with tile, new cupboards, ceiling repair, updating a bath, for instance? Adding ammenities, such as a patio area and outdoor kitchen? So the need for a construction exchange.

Since I don't know what my property will sell for, I plan to purchase one that will be close to what I expect it to, but of course, that's a guestimate, and the purchase price may be lower than the sale price of my propeerty.

Is there anything I need to know, as my present exchange property was purchased via a (standard) Starker Exchange.
I just remembered that my present residence was also purchased via a 1031.
When I sell either, do I need to report that to anyone, or to anyplace?

Loading replies...