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Updated almost 9 years ago on . Most recent reply

User Stats

33
Posts
4
Votes
Bart Libsock
  • Investor
  • columbus, MT
4
Votes |
33
Posts

1031 USVI

Bart Libsock
  • Investor
  • columbus, MT
Posted

Hello, I was wondering if anyone has 1031 exchanged onto St. Croix USVI.  Is there money to be made investing in St Croix. 

Most Popular Reply

User Stats

24
Posts
29
Votes
Christos Dimopoulos
  • St. Thomas, VI
29
Votes |
24
Posts
Christos Dimopoulos
  • St. Thomas, VI
Replied

@Bart Libsock Property in the USVI is considered like kind from a 1031 exchange standpoint. I grew up in St. Thomas, and would recommend investing in St. Thomas or St. John over St. Croix as a long-term investment. St. Croix's economy (mainly tourism product) has not been as strong as the other two islands.

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