1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Tricky 1031 exchange with a partnership.
Hello
My partners and I have a 6 unit apartment in San Diego that is owned by a partnership. The partnership is on the title and we would like to do a 1031 exchange. One partner would like us to buy one of his condo as part of the exchange. He owns the condo outright and has not been used as a rental. The partnership would use this condo and 3 other condo as part of the exchange and use all 4 condos as vacation rentals. Is this OK or not. I have done several 1031 exchanges but none as a partnership.
Thank You
Tommy