Can I use 1031 money to pay condo fee in advance

[Tommy Sowell]

I have done a couple of 1031 exchanges and I have a question for the experts. I’m selling a six plex in San Diego and buying 6 condo in Hawaii for full time vacation rentals (only for rentals ). The question is can I use some of the exchange money to pay Association fee ahead of time (6 months) though escrow. This would give me time to fix up each condo.

Thank You

Tommy

[Lance Wakefield]

You need to check with your cpa before you do anything with 1031 exchange money. I would say no. 1031 exchange is extremely specific and I really doubt you can do that. No one on bigger pockets knows your specific circumstance so again I would check with your CPA. I would also recommend using a CPA who has done many many 1031 exchanges they are complicated and tedious.