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Updated about 8 years ago,

User Stats

21
Posts
12
Votes
Jim Wagoner
  • Investor
  • Hinsdale, IL
12
Votes |
21
Posts

Can I roll over single family rental proceeds to CF deals?

Jim Wagoner
  • Investor
  • Hinsdale, IL
Posted

Hi -   I am a passive investor thru PoL, RealtyMogul, etc..   In addition I have one single family home that I purchased 7 years ago and rented ever since.  I plan to sell that home in 2017.  My question is:

Can I take the profits from the single family rental sale and use the 1031 exchange rules to buy passive RE investments thru these crowdfunding portals?   I notice SOME of the CF investments say "1031 Eligible", but most don't.  Would I be eligible for all Crowdfunding deal, only the 1031 Eligible deals, or none?

Thanks for your advice!

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