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Updated about 8 years ago, 11/11/2016

User Stats

37
Posts
12
Votes
Brett Chaponot
  • Real Estate Agent
  • El Dorado Hills, CA
12
Votes |
37
Posts

Do I qualify for a 1031?

Brett Chaponot
  • Real Estate Agent
  • El Dorado Hills, CA
Posted

So I have a property in Denver, Colorado but I now live in Sacramento, California. I bought the property in 2014 as a primary residence but it has been a rental property since 2015. I lived in it for about 14 months before I had to move. Can I 1031 for something here in Sacramento so I can play landlord with local renter roommates? And secondly, should I? The condo has appreciated tremendously, I have over $100K of equity in the property and I positive cashflow $800 on the unit. 

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